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New York. Oil prices rose for the third straight day on Friday, helped by improving stock prices and lower crude supplies. Benchmark crude added 65 cents to settle at US$76.09 a barrel on the New York Mercantile Exchange. Oil prices have risen this week with the stock market, which rebounded from a pre-holiday sell-off last week. The Dow Jones industrials average was up about 40 points in late afternoon trading.

Las Vegas. President Obama speaks about the role government can play in encouraging innovation, rewarding ingenuity and spurring the economy in remarks at the University of Nevada, Las Vegas.

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