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Oil Trades Near 9-Month High on Europe Debt Deal, Iran

Oil traded near the highest price in nine months in New York after euro-area finance ministers agreed on a second bailout for Greece.

Crude advanced as much as 2.1 percent from its Feb. 17 settlement. There was neither floor trading nor a closing price yesterday in the U.S. because of the Presidents’ Day holiday. Brent, the benchmark for half the world’s oil, was little changed in London after Europe Union finance ministers awarded 130 billion euros ($173 billion) in aid to Greece.