Oil Rises; International Stock Markets Climb

By: Associated Press
By: Associated Press

Crude oil prices jumped to a nine-month high near $105 a barrel after Iran said it halted crude exports to Britain and France in an escalation of a dispute over the Middle Eastern country's nuclear program.

International stock markets rose today after China moved to boost its economy by freeing up bank lending and hopes grew that Greece will clinch the aid it needs to avoid bankruptcy.

The dollar weakened against the euro but was steady against the yen.

Markets in the U.S. are closed today for the Presidents' Day long weekend.

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