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Oil tops $106 a barrel

oil prices

NEW YORK (CNNMoney) -- Oil prices rose to a fresh 2-1/2 year high early Monday, climbing above $106 a barrel, as the violence in Libya continues to unsettle the market.The benchmark U.S. contract, West Texas Intermediate, for April delivery was up $2.26, or 2.1%, to $106.68 a barrel. Oil prices are currently trading at the highest levels since September 2008.

 
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