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Oil rose above 88 USD as euro zone debt concerns limit gains

Oil rose above 88 USD as euro zone debt concerns limit gains

Write: Marilee [2011-05-20]

Crude prices gained modestly above 88 U.S. dollars a barrel as Ireland's credit ratings downgrade annoyed investors. Light, sweet crude for January delivery rose 32 cents to 88.02 U.S. dollars a barrel on the New York Mercantile.