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The price of oil in the US rose 7% this Tuesday, going to $ 102 a barrel, for the first time in more than seven years.
Although energy officials around the world are close to an agreement on the release of emergency oil reserves, oil prices are rising sharply.
CNN writes that US crude oil rose 6% to $ 102 a barrel for the first time since July 2014.
Brent crude rose about 7% to over $ 100 a barrel on Monday for the first time since 2014.
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