MARKET WATCH: NYMEX oil price tops $40/bbl, Brent approaches $43/bbl

Light, sweet crude oil prices for May delivery climbed modestly on the New York market Apr. 11 to settle above $40/bbl, marking its highest front-month closing in about 3 weeks. Brent crude oil prices on the London market for June closed above $42.80/bbl, marking a 4-month high.

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