Business

Oil rises for first time in 2 weeks, near $103

By The Associated Press
Published July 10, 2014 7:54pm ET
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The price of oil bounced back late Thursday and rose for the first time in two weeks.

Benchmark U.S. crude for August delivery gained 64 cents to $102.93 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oils, rose 54 cents to $109.01 on the ICE Futures exchange in London.

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Oil