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Oil prices rise amid concerns over fatal blast

Oil prices rose today amid concerns that the fatal explosion at a BP refinery in Texas would leave the energy industry more overstretched.
A barrel of US light crude for May delivery rose 47 US cents to 54.28 US dollars in early trading in the Far East, following the blast which killed at least 14 people and injured more than 100 others.

The cause of the explosion at the refinery - the third-largest in the United States - is not known and BP managers say terrorism is not their main focus.

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