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Bloomberg reported that oil surged 58 cents on concern over Federal Reserve’s steps to stimulate the economy.
Bloomberg reported that oil surged 58 cents on concern over Federal Reserve’s steps to stimulate the economy.
As quoted in the market news:
Oil for July delivery advanced as much as 58 cents to $84.49 a barrel in electronic trading on the New York Mercantile Exchange, and was at $84.48 at 8:52 a.m. Sydney time.