January 16, 2012 10:00 AM

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Oil rises over Nigerian concerns

Oil prices rose in Asian trade today as worries over supply disruptions in Nigeria outweighed concerns over the mass debt downgrade of eurozone nations.New York's main contract West Texas Intermediate crude for delivery in February, gained three cents to 98.73 dollars in morning trade. Brent North Sea crude for February delivery was up 37 cents to 110.81 dollars on its last trading day.

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