Oil Rebounds From Biggest Drop in Three Weeks on Economy Hopes
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Oil rebounded from its biggest decline in more than three weeks amid speculation that economic data from Japan and the U.S. signal increasing demand for fuel.
Crude rose as much as 1.1 percent, following a 3.3 percent drop on Nov. 12, after reports showed gross domestic product in Japan grew more than forecast in the third quarter and U.S. retail sales climbed more than forecast in October.