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Oil price rises as US cold forecast to return

By The Associated Press
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The price of oil rose Monday, continuing its climb for a seventh straight week supported by U.S. demand for heating oil amid prolonged cold weather.

Benchmark U.S. crude for April delivery was up 28 cents to $102.48 a barrel at 0620 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 55 cents to $102.20 on Friday.

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