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Bloomberg reported oil rose 29 cents as data showed increasing U.S. crude stockpile.
Bloomberg reported oil rose 29 cents as data showed increasing U.S. crude stockpile.
As quoted in the market news:
Oil for April delivery was at $104.99 a barrel, up 29 cents in electronic trading on the New York Mercantile Exchange at 10:51 a.m. Sydney time. The contract yesterday fell $2.02 to $104.70 a barrel, the lowest close since Feb. 17. Prices are 6.2 percent higher this year.