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Reuters: Oil rises 5 percent on OPEC, U.S. demand

Started by chris, February 26, 2009, 08:59:14 PM

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Oil rises 5 percent on OPEC, U.S. demand
      
   
      


NEW YORK (Reuters) - U.S. oil prices jumped more than 5 percent to over $44 a barrel on Thursday on expectations OPEC will cut output again and on signs of a rebound in gasoline demand in top consumer the United States.<div class="feedflare">
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