Crude oil traded near $72 a barrel, poised for a fourth weekly gain on optimism the outlook for a global economic recovery has improved. Oil is set to rise 3.2 percent this week as U.S. equities gained and the dollar weakened, increasing investor demand for commodities priced in the U.S. currency. The Standard & Poor’s 500 Index reached a nine month high on Aug. 5. “The recent combination of a marked improvement in global business sentiment and a weaker dollar has proved a potent mix for commodities".....Complete Story
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