Bloomberg News

Crude Oil Advances in New York Trading; Poised for Weekly Drop

March 29, 2012

Oil for May delivery advanced as much as 57 cents, or 0.6 percent, to $103.35 a barrel in electronic trading on the New York Mercantile Exchange and was at $103.31 at 9:12 a.m. Sydney time. The contract is down 3.3 percent this week, poised for a third weekly decline.

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