Oil prices edge up ahead of Crimea secession vote

By NewsOK

The price of oil rose Friday on concerns that tensions could rise in the Russia-Ukraine situation with this weekend's referendum on Crimean secession.

But oil still finished the week down more than 3 percent, largely because traders are concerned about the strength of demand from China.

Benchmark U.S. crude for April delivery rose 69 cents to close at $98.89 a barrel on the New York Mercantile Exchange.

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TAGS Oil, News

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