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Oil prices rally above $53 as investors pile in - Reuters UK
Reuters UK | Oil prices rally above $53 as investors pile in Reuters UK Both contracts rallied about 8 percent on Friday, fuelled by month-end short-covering and a record weekly drop in the number of U.S. oil rigs employed, according to industry data from Baker Hughes. The count is down 24 percent from its October peak. Oil Markets Rally, Despite Strikes, Data Oil price drops again amid large-scale strike in US Oil prices rebound on signs of output cuts |
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