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Oil Futures Follow Broader Markets to One-Week High

Oil futures rose to a one-week high Friday, as broader markets rallied on positive U.S. economic data.Light, sweet crude for June delivery settled 86 cents, or 0.9%, higher at $96.02 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled 86 cents, or 0.8%, higher at $104.66 a barrel.Futures rose on the back of the stock market's rally, which was boosted by better-than-expected U.S. consumer data. The Standard & Poor's 500 Index was recently up 0.9% at 1,664.66."There's definitely a bit of macro optimism," said Julius Walker, global energy markets strategist at UBS in New York. "There's a lot of uncertainty on the economic outlook in the U.S. and in general...in the absence of that certainty oil prices get buffeted around every time one of these headlines come out."A preliminary reading of the Thomson-Reuters/University of Michigan consumer-sentiment index for May rose more than expected Friday. Meanwhile, the Conference Board's Leading Economic In...

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  3. U.S. Crude Oil Futures Settle Down; Products Hit One-Month High

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  6. Crude Oil Stocks Rise 230,000 Barrels in Week

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  7. Crude Higher in Choppy Trade

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  8. Crude-Oil Futures Jump to $96.26/Bbl, Then Pare Gains

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  9. Oil Slips on Ample Supplies, Demand Concerns

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  10. Crude Oil Mixed As Market Weighs Escalation In Syria

    Crude-oil futures swung between gains and losses Monday as traders assessed the uptick in violence in Syria and the possibility of further escalation.Light, sweet cr...

  11. Crude Climbs to One-Month High on Improving U.S. Jobs Data

    Crude-oil futures rose 1.7% Friday to a one-month high as monthly jobs data showed hiring picked up in April, offering a hopeful sign for the broader economy.The U.S...

  12. Nymex Crude Futures Fall in Asia

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  1. Crude-Oil Futures Rally As Stock Market Powers Higher

    Oil futures rallied for the second straight session Friday, lifted by stronger equity markets after positive U.S. economic data.Light, sweet crude for June delivery ...

  2. Crude Oil Steady but Nymex Decline Likely

    Crude-oil futures were little changed in Asian trading on Friday with the U.S. benchmark holding above $95 a barrel but headed for its first weekly decline in four w...

  3. Crude Oil Lower in Asian Trading

    Crude-oil futures fell in Asian trading Thursday amid continued worries over global economic growth and falling U.S. gasoline consumption pushing Nymex below $94 a b...

  4. Oil Futures Retreat Ahead Of U.S. Inventory Data

    Crude-oil futures retreated Wednesday, weighed by the sluggish economy in Europe and record crude inventories in the U.S.Traders will be eyeing a weekly report by th...

  5. Crude Lower Ahead of Awaits EIA Data

    Crude-oil futures fell slightly in Asian trading Wednesday, trading near two-week lows on concerns over demand, high inventories, a strengthening dollar and rising O...

  6. Crude Oil Futures Rise; Brent-WTI Gap Narrows

    Crude oil futures rose slightly in Asian trading Tuesday, as investors balanced cues from higher U.S. retail sales and slowing Chinese demand.On the New York Mercant...

  7. Oil Futures Decline as China Data Raise Demand Concerns

    Oil futures declined Monday after weak Chinese industrial data underscored concerns about crude demand in the world's second-biggest consumer.Light, sweet crude for ...

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