Business Oil Gains as U.S. Inventory Drop Adds to China Stimulus Optimism – Bloomberg


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Oil extended gains near $69 a barrel as U.S. industry data showed a decline in crude as well as fuel stockpiles, and investor optimism grew after China unveiled stimulus measures that’s likely to boost demand for commodities.

Futures in New York rose as much as 0.5 percent, following a …

oil chart.png

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