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    Oil Surged $1.29 as U.S. Manufacturing Data Signaled Economic Growth

    Investing News Network
    May. 01, 2012 04:35PM PST
    Resource Investing

    Bloomberg reported that oil surged $1.29 to $106.16 as U.S. manufacturing data signaled economic growth.

    Bloomberg reported that oil surged $1.29 to $106.16 as U.S. manufacturing data signaled economic growth.

    As quoted in the market news:

    Crude oil for June delivery gained $1.29 to $106.16 a barrel on the New York Mercantile Exchange, the highest settlement price since March 27. Oil has climbed 7.4 percent this year.

    Click here to read the full Bloomberg report.

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