Cold weather and frosty relations bolster oil prices

Cold weather and tensions between the United Nations and Iraq have helped to push world oil prices strongly ahead

Cold weather and tensions between the United Nations and Iraq have helped to push world oil prices strongly ahead. Benchmark North Sea Brent blend traded in a narrow range, consolidating the sharp 58 cent rise achieved on Wednesday, and closed at $20.30 a barrel, down just three cents on the day.

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