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Oil prices rose in early trading today, supported by the weak dollar
and the US plan to rebuild its strategic reserves.
Reuters reported that Brent crude futures rose 61 cents, or 0.8
percent, to reach $80.40 a barrel.
West Texas Intermediate crude futures rose 65 cents, or
0.9 percent, to $75.84 a barrel.
The market received support from the US plan announced last week to buy about three million barrels of oil for the strategic reserve, after the United States this year released 180 million barrels of stocks, which is
a record.
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