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Oil trades atop $52-a-barrel as some bet prices have bottomed out

Monday, 16 February 2015


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Crude-oil futures pared early gains in Asian trade Monday to trade near Friday’s close after rising for the last three consecutive weeks with some investors still betting that oil prices have bottomed out.

Sweet crude futures for delivery in March CLH5, -0.95%  traded at $52.35 a barrel at last check, down 0.8%, or 41 cents, in the Globex electronic session.

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