Oil prices settle above $63 a barrel

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December 2, 2006 00:10

 
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Oil prices finished above $63 a barrel on Friday, ending a bullish week as traders bet on blustery weather moving across the US and more production cuts from OPEC. Light sweet crude for January delivery rose 30 cents to settle at $63.43 a barrel on the New York Mercantile Exchange. Brent crude settled at $64.62, up 36 cents, on London's ICE Futures exchange.

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