Reuters: Oil extends rises above $70 on weak dollar, Fed cut

[chris]

Oil extends rises above $70 on weak dollar, Fed cut
      

SINGAPORE (Reuters) - Oil rose above $70 a barrel on Thursday, building on its more than 7 percent surge in the previous session, after a U.S. Federal Reserve interest rate cut led the U.S. dollar to its biggest daily fall in 23 years.</p><div class="feedflare">
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