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Oil prices rise as 'fiscal cliff' talks to resume

Bangkok (AP) -- the international crude oil prices rose on Wednesday, President Obama says he will cut his Christmas vacation short, head to Washington to try to make an agreement to keep the United States in the "wealth cliff title."
February delivery benchmark crude oil rose forty cents in Bangkok at noon time on the New York mercantile exchange in electronic trading at $89.01 a barrel.
On Monday, in Washington's deadlock focus on driving reference to a fall in oil prices, the New York mercantile exchange contract closed down 5 cents at $88.61 a barrel.
Is expected to Obama arrived in Washington earlier on Thursday, the White House says, after a short vacation in Hawaii. Congress is expected to return to the United States capital budget negotiations began on Thursday.
Hope that the United States leaders may achieve budget agreement help buoy the price of oil. Don't agree to plan on January 1 will lead to cut spending and raise taxes, economists predict will promote the economy back into recession. Otherwise, the economy is expected to improve slightly in 2013, the positive energy consumption and price.
Other energy futures trading:
- delivery beihai brent crude oil futures prices, used in international oil prices, rising varieties of 42 cents to $109.22 a barrel.
- gas down 2.8 cents at $3.318 per 1000 cubic feet.
- heating oil rose 1.4 cents to $3.0022 a gallon.




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