Crude oil prices rose on the New...
Crude oil prices rose on the New York Mercantile Exchange and broke a prolonged losing streak after a missile fired by suspected Iranian patrol boats struck a Liberian-registered chemical tanker in waters outside the Persian Gulf. On the Merc, West Texas Intermediate--the benchmark U.S. crude for immediate delivery--inched up 7 cents to $19.90 a barrel. The crude plunged below the critical $20-a-barrel mark Monday for the first time since June 25.
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