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Posted On: 2 June 2009 08:17 am
Updated On: 12 November 2020 02:09 pm

Oil price jumps to $68

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Oil rose more than two percent to $68, a seven-month high yesterday, extending its biggest monthly gain in a decade due to rallying stock markets and sustained expectations for a global economic recovery. US stocks rose, following gains in Europe and Asia driven by data showing China’s manufacturing continued to expand moderately in May. Reuters