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Bloomberg reports that oil surged from a 10-month low after speculation that the Federal Reserve will implement a third round of asset purchases.
Bloomberg reports that oil surged from a 10-month low after speculation that the Federal Reserve will implement a third round of asset purchases.
The market news is quoted as saying:
Crude for September delivery climbed 99 cents, or 1.3 percent, to $80.29 a barrel at 11:33 a.m. on the New York Mercantile Exchange.
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| Commodities | |||
|---|---|---|---|
| Gold | 2341.68 | -35.09 | |
| Silver | 28.07 | -0.39 | |
| Copper | 4.27 | +0.01 | |
| Oil | 85.42 | -0.17 | |
| Heating Oil | 2.68 | +0.02 | |
| Natural Gas | 1.77 | +0.01 | |
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