Oil prices rise following Hurricane Rita

Crude oil prices rose more than $1 a barrel yesterday, while the US oil industry assessed damage from Hurricane Rita.

Oil prices rise following Hurricane Rita

Crude oil prices rose more than $1 a barrel yesterday, while the US oil industry assessed damage from Hurricane Rita.

Light, sweet crude rose $1.63 to settle at $65.82 on the New York Mercantile Exchange, after dropping to $62.65 earlier in the day.

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