Oil prices hit 2½-year highs on Iran tensions, upbeat economic data

CNBC | on Wed, Jan 3, 7:26 AM

Oil prices rose about 2 percent on Wednesday to the highest in 2½ years, with buying spurred on by a sixth day of unrest in OPEC member Iran and strong economic data from the United States and Germany. Iran's elite Revolutionary Guards have deployed forces to three provinces to put down anti-government unrest, their commander said on Wednesday. Six days of protests have left 21 people dead. U.S. West Texas Intermediate (WTI) crude futures[1] were up $1.26, or 2.1 percent, at $61.63 a barrel b...

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