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Demand rebound, positive economic news propel oil

OIL'S good run continued late this week with the commodity surging to a five-week high last night...

Marija Stojkovic
Demand rebound, positive economic news propel oil

New York's Western Texas Intermediate rose $US1.14 to settle at $78.73 a barrel. Singapore's Tapis, which on Wednesday climbed beyond $US81/bbl, dropped to $US80.73 last night. Oil was supported by...

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