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Oil prices jump
Saudi Press Agency Published in Saudi Press Agency on 06 - 01 - 2014

Oil prices recovered Monday on bargain hunting after a week-long plunge, AP reported.
Benchmark U.S. oil for February delivery rose 11 cents to $94.07 in electronic trading at mid-afternoon Kuala Lumpur time on the New York Mercantile Exchange. The contract fell $1.48 to settle at $93.96 a barrel on Friday. Prices have fallen 6.4 percent over the past week.
Brent crude, used to price international crude processed by many U.S. refineries, rose 17 cents to $107.06 in London.
On Thursday, protests reportedly ended at one of Libya's largest oil fields, which could allow the field to restart production and deliver more than 300,000 barrels of daily production to the global market.

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