Oil Rose 29 Cents Over 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.

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