Oil passes $80
Oil prices hurdled 80 dollars a barrel on the first trading day of the year Monday after Russia cut crude supplies to Belarus, analysts said.
New York's main futures contract, light sweet crude for delivery in February, rose 78 cents to 80.14 dollars a barrel in the afternoon.
Brent North Sea crude for February delivery gained 74 cents to 78.67 dollars.
Crude prices rose on concerns over the implications of Russia's move, which has been effective since New Year's Eve, analysts said.
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