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Monday, January 4, 2010

Oil rose to $80 a barrel

Oil rose to $80 a barrel amid thin trading volumes on Monday, the first trading day of 2010, partly supported by news that Russia had halted oil supplies to Belarussian refineries.

Russia has halted oil supplies to Belarussian refineries after failing to agree terms for 2010, traders said on Sunday, threatening a repeat of a dispute which disrupted supplies to elsewhere in Europe three years ago.

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