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Oil Hits $ 73 Following Italy’s Refinery Fire

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Oil prices climbed higher after a fire shut ERG's refinery in Sicily, Italy. It affected a 160,000 barrel-per-day of refining capacity. Brent crude rose $1.19 to $73.21 in London while U.S. light, sweet crude jumped $1.12 to $73 a barrel around midday.

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