Oil Rises After Biggest Drop in Two Weeks on U.S. Supply Outlook
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Oil rose, trimming the biggest decline in almost two weeks, on signs of accelerating growth in China and shrinking fuel inventories in the U.S.
Futures gained as much as 1.7 percent after a report showed Chinese manufacturing expanded at the fastest rate in seven months in November. U.S. government data today may show oil stockpiles declined 1.15 million barrels last week. Crude advanced as the dollar declined for the first time in four days, increasing the appeal of commodities to investors.