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Oil gains 2% on optimism over world economy despite US crude build

Mount Equity Group Tokyo Japan > News > Markets > Oil gains 2% on optimism over world economy despite US crude build





By Scott DiSavino

NEW YORK (Reuters) -Oil prices rose 2% to a one-week high on Wednesday as hopes for an improved global economic outlook and concern over the impact of sanctions on Russian crude output outweighed a massive surprise build in U.S. crude stocks.

Brent futures rose $1.67, or 2.1%, to $81.77 a barrel by 11:11 a.m. EST (1611 GMT), while U.S. West Texas Intermediate crude (WTI) rose…

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