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Oil hits $US62 on stronger equities, recovery forecast

OIL prices took a breather late this week and jumped over the $US60 a barrel mark after a surpris...

Marija Stojkovic
Oil hits $US62 on stronger equities, recovery forecast

On Wednesday, New York's Western Texas Intermediate jumped $US1.87 to settle at $US61.49/bbl after the Energy Department's weekly inventory report said crude inventories fell 2.81 million barrels last...

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