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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices rise near $87 as recession fears ease

Posted on 17 October 2011

A series of encouraging economic reports sparked oil prices Friday, pushing the benchmark to the highest level in nearly a month.
Investors shrugged off declining oil demand forecasts that came out earlier this week and focused instead on growing U.S. consumer spending, a rise in bank lending in China and a meeting of world leaders to discuss Europe’s debt crisis……………………………………….Full Article: Source


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