Oil price rises above $80 for first time in three years

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Analysts believe that oil prices will continue to rise amid surging demand and tight supplies. …

“Similarly, India, the second-biggest importer of crude oil, has also ramped up its oil imports to a three-month high in August, as refiners begin to stock up as they project higher demand going forward,” said Naeem Aslam, chief market analyst at Think Markets.

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