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Crude oil prices rebound slightly

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Numbers are displayed on an electronic sign at the NYMEX as oil nears $104 per barrel on March 4, 2008 in New York. Oil prices continued to rise ahead of the OPEC production meeting where it is predicted that OPEC will not increase oil supply to ease record-high prices. (UPI Photo/Monika Graff) 
Published: Nov. 25, 2009 at 5:12 PM
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NEW YORK, Nov. 25 (UPI) -- Crude oil prices made up for ground lost Tuesday and added some on the New York Mercantile Exchange, climbing to nearly $78 per barrel Wednesday.

The price dropped about 2 percent Tuesday after the Shanghai Composite index fell 3.5 percent Monday.

Some strength returned Wednesday with markets higher in the United States and Asia. The price of light, sweet crude added $1.78 to $77.80. The price of heating oil gained 0.035 cents to $1.9847 per gallon. Reformulated gasoline prices added 0.0535 cents to $1.9925 per gallon. Natural gas prices added 0.364 cents to $5.13 per million British thermal units.

At the pump, the national average price of unleaded gasoline fell to $2.636 per gallon Wednesday, down from Tuesday's $2.638, AAA said.

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