Crude Oil Rises After U.S. Consumer Sentiment, Industrial Output Increase

- April 15th, 2011

Bloomberg reported that oil rose on confidence in the US economy.

Bloomberg reported that oil rose on confidence in the US economy.

The market news is quoted as saying:

Futures increased 1.4 percent after the Thomson Reuters/University of Michigan April preliminary index of consumer sentiment advanced to 69.6 from 67.5 the prior month. The Federal Reserve said U.S. production at factories rose 0.8 percent in March, the fifth straight gain.

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