Crude Rises For First Time In Five Days As Euro Gains

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Bloomberg

Oil rose for the first time in five days as the euro strengthened against the dollar after European leaders agreed to discuss closer banking cooperation in the euro bloc to resolve the region’s debt crisis. “When you start getting weak economic data in the U.S. and China consistently, that’s definitely keeping the market nervous,” said Jacob Correll, a commodity analyst at Summit Energy Inc. in Louisville, Kentucky.

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