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Crude prices crack $50

The Canadian Press - | Story: 166631

The benchmark price for crude oil popped above US$50 a barrel this morning, lending support to the Canadian dollar.

At 8:30 a.m. ET, July crude oil futures were at US$50.05 a barrel and the loonie was at 77.25 cents US, up nearly half a cent from Wednesday's close.

Crude hasn't closed above US$50 a barrel since last July, but prices have been strengthening recently.

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