Oil eyes $US50

OIL prices rallied to a three-month high last night following a positive lead from Wall Street and on high optimism the global economy would recover.

Oil eyes $US50 Oil eyes $US50 Oil eyes $US50 Oil eyes $US50 Oil eyes $US50

Yesterday, crude for April delivery climbed around 3.6% to $US49.16 a barrel after a report from the US Department of Commerce showed that construction on privately owned new homes surged in February.
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