WTI rises as China's bank lending spurs demand outlook

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Source: Bloomberg
West Texas Intermediate oil increased on Monday gaining for the first session in three days after recent reports showed that the U.S. economy is improving and as China's rising bank lending boosted outlook for demand. WTI for settlement in March jumped 74 cents to $101.04 per barrel on the NYMEX and was last seen at $100.82 as of 3:27 p.m. in Singapore.

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