Oil Rises in New York on Equity Gains

- August 15th, 2011

Bloomberg reports that crude oil surged after equity gains and Japan’s economy contracted less than economists estimated in the second quarter.

Bloomberg reports that crude oil surged after equity gains and Japan’s economy contracted less than economists estimated in the second quarter.

The market news is quoted as saying:

Crude oil for September delivery increased $2.50 to settle at $87.88 a barrel on the New York Mercantile Exchange.

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