Oil Climbs to Three-Week High

Bloomberg reports that Oil surged to a three-week high.

The market news is quoted as saying:

Futures rose as much as 2.9 percent after data from ADP Employer Services showed a 157,000 gain in the number employed by businesses last month. An advance of 70,000 was projected, according to the median forecast by Bloomberg News. U.S. crude supplies fell 889,000 barrels to 358.6 million last week, the lowest level since April, an Energy Department report showed.

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