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What is happening in the oil patch? Oil had its strongest monthly gain in 10 years following OPEC's upbeat assessment of demand.
On the NYMEX, July West Texas Intermediate hit a seven month high of $66.47 per barrel. US crude has risen 29% in May, the best monthly gain since 1999. On the ICE exchange Brent crude rose 78 cents to $64.15 per barrel, up 7.2% for the week.
Continue reading What is fueling the oil rally to $66.00 per barrel?
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