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Iran's President Mahmoud Ahmadinejad said on Saturday the country's sovereign wealth fund could reach $55 billion by March next year if oil prices kept high, in an apparent bid to defend his economic record in the face of increasing isolation. Washington and the European Union have stepped up...

U.S. crude futures also saw choppy trading before ending slightly higher. In early trade, prices for both crude contracts edged higher on reports of production problems in the North Sea and South Sudan. These added to persistent fears about potential disruption of supply from Iran as Tehran and...