Oil advances on the U.S. economy and Saudi Arabian output

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Source: Bloomberg
Oil rose for a fifth consecutive day as increasing Saudi Arabian crude production shows growing demand for fuel and amid signs of a strengthening U.S. economy. Futures climbed 0.4% following a three-month high close on August 17. Crude for September settlement rose 40 cents to $96.41 per barrel, while Brent for September delivery increased 56 cents to $114.27 per barrel. 
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Mon, 20 Aug 2012 08:26:46 GMT

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