Oil Advances From Six-Week Low, Poised for Second Weekly Decline
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Crude rose from a six-week low in New York as investors bet that the biggest weekly decline in almost three months is exaggerated.
Futures gained as much as 1 percent after falling 1.1 percent yesterday on reports that showed U.S. industrial production shrank for the first time since April and European factory output contracted. The dollar weakened against most of its major counterparts, buoying demand for commodities.