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Commodities Briefing - Categorized | Oil, Trading more

Oil trades near highest level in four months on economic outlook

Posted on 28 January 2013

Oil traded near the highest level in four months in New York, after posting the longest run of weekly gains since April 2009, amid speculation a global economic recovery will boost fuel demand.
West Texas Intermediate crude was little changed after climbing for a seventh week. Chinese industrial companies’ profits rose for a fourth month in December, the National Bureau of Statistics in Beijing said……………………………………….Full Article: Source


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