Crude oil rose above $72 a barrel for the first time in a month and gasoline surged as increasing industrial activity bolstered optimism that fuel consumption will rebound. Oil gained as much as 3.9 percent after reports showed that U.S. manufacturing shrank at the slowest pace in 11 months and factory output in China advanced to the highest level in almost a year. The Standard & Poor’s 500 Index climbed above 1,000 for the first time since November, also bolstering optimism that raw material demand and prices will increase.....Complete Story
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