Oil prices up on economic news, Mideast tension
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Oil prices jumped about 2 percent Tuesday as tensions rose in Iran and strong retail sales put a rosier glow on the US economy.
Benchmark crude rose $2.37, or 2.4%, to end the day at $100.14 per barrel in New York. Brent crude, which is used to price foreign oil imported by some US refineries, rose $2 to finish at $109.08 a barrel in London. (AP)
