New York's main contract, light sweet crude for delivery in July, has lept by over 2 dollars to US$71.6, while London's Brent North Sea rose to US$71.7. After falling by over 20% in 3 weeks, oil ralliied 4%, the best one-day percentage gain since September 30.
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Friday, May 28, 2010
Stock markets recovery, fresh data indicating sustained economic recovery in US, lift oil prices
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