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State cos to cut petrol prices from Thursday
Iran worries boost oil, euro dips
A European Union agreement to ban Iranian oil imports boosted crude oil prices on Wednesday, but persistent worries about a euro zone debt crisis hobbled the single currency and European stocks. EU diplomats said they reached a preliminary deal to ban imports of Iranian crude but have not decided when to put it in place. The agreement sent oil to a seven-week high. Brent February crude hit $113.97
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