Crude Oil Advances as U.S., Europe Economies Boost

Bloomberg reports that Crude oil climbed for the first time in five days in New York as the improving economic outlook in the U.S. and Europe.

The market news is quoted as saying:

March futures rose as much as 0.6 percent before a Commerce Department report this week that may show U.S. gross domestic product accelerated in the fourth quarter. Industrial orders in the euro area probably gained in November, according to a Bloomberg News survey before data scheduled for today. German business confidence unexpectedly climbed to a record in January.

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