Wednesday, July 14, 2010

Crude oil nears two-week highs after US stocks advance

US equities gained for the sixth straight day – kicking off the start of the quarterly earnings season on a positive note. Crude oil prices have risen by over two dollars, past US$77 to near two-week highs as stocks advance in US markets, spreading optimism of an economic recovery improves in USA that will stoke fuel demand.

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