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The Wall Street Journal reports that oil prices were surging to a nearly five-month high.
The Wall Street Journal reports that oil prices were surging to a nearly five-month high.
The market news is quoted as saying:
December crude futures ended 1.9% higher at $82.95 a barrel on the New York Mercantile Exchange. Analysts attributed the increase to a variety of factors, including rising Chinese manufacturing activity and upcoming monetary stimulus from the U.S. Federal Reserve.