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Oil Rises On New Hope Of ‘Fiscal Cliff’ Resolution
Oil Rises On New Hope Of ‘Fiscal Cliff’ Resolution
NEW YORK (AP) — The price of oil is rising Monday as political leaders in Washington appear closer to a resolution in critical budget negotiations. Benchmark crude rose 73 cents to $87.46 around 10:30 a.m. in New York. Seeking to break an impasse in budget talks, House Speaker John Boehner has offered to raise taxes on some wealthy earners — but only if President Barack Obama agrees to cuts in ben

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