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    Oil price continues to rise

    News // April 12, 2002
    Oil prices have continued to climb in the last couple of weeks mainly due to the situation in the Middle East, uncertainty about possible disruption of Venezuelan exports, and more recently, Iraq's threat to halt exports.

    OPEC, however, has not made any move to date to drive down prices, with the North Sea Brent reaching in excess of $28 per barrel at the time of writing.

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