Oil above $35 amid grim economic news (AP)

Control valves are seen on the tanker pipeline dock at the liquified natural gas (LNG) plant near Korsakov on Sakhalin island, a Russian island north of Japan's northernmost island Hokkaido. Japanese Premier Taro Aso and Russian President Dmitry Medvedev have inaugurated Russia's first Liquified Natural Gas (LNG) plant that will supply Japan with millions of tonnes of gas annually.(AFP/Natalia Kolesnikova)AP – Markets shrugged off a steady barrage of grim U.S. economic news to push oil prices above $35 a barrel Thursday, with a drop in the dollar encouraging investors to buy crude.


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