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Oil prices rise, Ivan causes refinery shutdown

Oil prices rise as hurricane causes refinery shutdown

LONDON : Oil prices turned higher on news that a US refiner had closed a plant in the Caribbean due to Hurricane Ivan.

The announcement saw prices reverse early losses seen in London after Iraq resumed pumping crude through a key northern pipeline.

The price of benchmark Brent North Sea crude oil for delivery in October rose 15 cents to 40.91 dollars per barrel in late afternoon deals.

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Trinidad and Tobago News

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