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Global recovery hopes keep oil around $US70

RENEWED optimism that the global economy is stabilising and energy demand will return kept oil prices around the $US70 a barrel mark late this week.

Marija Stojkovic
Global recovery hopes keep oil around $US70

Last night, New York's Western Texas Intermediate edged up US36c to $70.52/bbl after France and Germany each reported economic growth of 0.3%. Singapore's Tapis also rose, settling at $80.22/bbl , after...

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