Oil edges higher on U.S. stimulus hopes, tighter supplies
Oil prices climbed more than 2% on Friday, hitting the highest levels in more than a year on hopes a U.S. stimulus will boost the economy and fuel demand, as supplies tighten due largely to output cuts by top producing countries. Brent crude settled up $1.29, or 2.1%, at $62.43 a barrel by 1:32 p.m. […]
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