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NEW YORK (AP) - Crude-oil futures leapt $2 past $62.50 a barrel amid a cold snap in the U.S. Northeast and a report that ConocoPhillips Inc. lost power at a New Jersey refinery. Natural gas prices set a record.
While the power outage lasted less than an hour, ConocoPhillips said its 238,000-barrel-a-day Bayway refinery in Linden, N.J., still doesn't know when it can restart.
The refinery news in particular sent refined-product futures higher, with heating oil leading the gains.
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