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Oil prices climbed past $70 per barrel today, following an evacuation procedure at two Gulf of Mexico oil platforms ahead of the hurricane Gordon. Though International Brent crude futures were trading lower at $78.07/barrel, U.S. WTI crude futures were priced 0.4% higher, at $70.05 per barrel. Oil prices were also impacted by the news of India allowing import of Iranian oil if Iran arranges and insures tankers.
