Oil rises above $97 per barrel

Published February 14, 2013 8:30pm ET



NEW YORK (AP) — The price of oil rose above $97 per barrel Thursday, reversing Wednesday’s small drop.

In New York, crude rose 30 cents to finish at $97.31 per barrel. Brent crude, which is used to price oil that many U.S. refineries buy to make gasoline, rose 12 cents to end at $118 per barrel in London.

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