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The Oil Patch

That is the first time an OPEC barrel has topped $100 since September 8, 2008, a full 2 1/2 years ago.  The barrel bottomed out at $33.36 on Christmas Eve 2008 and has been clawing its way back up ever since.  The surge past $100 this week was almost certainly aided and abetted by the turmoil in Libya, a major oil producer.

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