17.10.2011 - Oil prices rise near $87 as recession fears ease
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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