Oil jumps $1 a barrel
Ap, Singapore
Oil prices rose sharply on Monday after Iran ended all voluntary cooperation with the UN nuclear watchdog agency, saying it would start uranium enrichment and bar surprise inspections of its facilities.Light, sweet crude for March delivery rose US$1.01 to US$66.38 a barrel on the New York Mercantile Exchange in Asian electronic trading. On London's ICE exchange, March Brent crude rose 97 cents to US$64.36 a barrel. Nymex heating oil advanced 2.34 cents to US$1.8050 a gallon (3.8 liters) while gasoline gained 1.33 cents to US$1.6950 a gallon.
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