Oil rose in New York after Iran’s oil ministry website reported that the nation halted crude exports to French and British companies.
Crude for March delivery gained as much as $1.97 to $105.21 a barrel in electronic trading on the New York Mercantile Exchnge and was at $105.08 at 7:21 a.m. Singapore time. Brent oil for April settlement was up $1.22 at $120.80 on the London-based ICE Futures
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