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Oil prices hover around $78 a barrel

5 years ago November 03, 2009 Nov 3, 2009 Tuesday, November 03 2009 Tuesday, November 03, 2009 5:23:27 AM EST in News
Source: Associated Press

Oil prices hovered near $78 a barrel Tuesday in Asia as investors welcomed new U.S. manufacturing and construction figures as positive signs of an economic recovery.

Crude oil investors were encouraged by signs of strength in the U.S. economy, which could help boost oil demand.

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