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Oil prices climb as Iran threatens EU supply cut
Benchmark U.S. crude rose $1.47 to $98.38 per barrel in New York. Brent crude, used to price foreign oil varieties, rose by 71 cents to $116.64 per barrel in London.
07 Feb 2012, 11:10 PM IST 
Sony Corp. President and Chief Executive Officer to be Kazuo Hirai, left, listens to current CEO Howard Stringer
Oil prices are rising as Iran again threatens to cut off supplies to Europe.
