April 12, 2012 7:30 PM

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Rise in oil prices continues

Oil rose for a second day in New York, today, after fuel stockpiles declined more than expected in the U.S., the world's biggest gasoline consumer. Crude for May delivery rose 44 cents, to 103.14 dollars a barrel on the NYMEX. Brent oil for May settlement rose 26 cents, to 120.44 dollars a barrel on the London-based ICE Futures Europe exchange.

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