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oil price hit 31 us a barrel 11 weeks high

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    Oil prices hit 11-week highs above $31 a barrel Friday as OPEC producers Saudi Arabia and Venezuela sought assurances that nonmember Mexico would follow the cartel in any move to tighten supply. Renewed signs that looting and sabotage will disrupt the resumption of Iraq's oil exports further bolstered prices, which have gained 20 percent in the last month
 
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