Oil prices officially charged into a bull market Thursday as the prospect of an output freeze by major producers, data showing the first weekly fall in U.S. crude supplies in a month, and a decline in the dollar boosted prices.
Crude-oil prices have advanced more than 20% from their Aug. 2 low over the past several sessions, signifying a bull-market run. September West Texas Intermediate crude climbed by $1.43, or 3.1%, to settle at $48.22 a barrel on the New York Mercantile Exchange...............................................Full Article: Source
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