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Updated from 2:57 p.m. EST
Oil prices closed higher for the first time this week, but to hear industry watchers tell it, reports of possible new OPEC production cuts weren't much of a factor in the rally.
Near-dated contracts for light, sweet crude ended the session up $1.11 at $52.99 a barrel on the New York Mercantile Exchange. The iPath Goldman Sachs Crude Oil(OIL Quote) exchange-traded fund was up 0.8%.
Natural gas futures also rose, up 31 cents at $6.60 per million British thermal units. Heating oil gained 2 cents at $1.50 a gallon, while gasoline added 4 cents at $1.43 a gallon. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
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DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.48
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10 Yr
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SPDR Gold
115.06
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-1.48%
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-1.46%
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