Oil Rises for Fourth Day as U.S. Supplies Drop Most in a Decade
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Oil gained for a fourth day in New York after U.S. crude inventories declined the most in a decade, adding to signs that the world’s biggest consumer of crude may avoid a recession.
Futures rose as much as 0.7 percent after gaining 1.5 percent yesterday as Energy Department data showed stockpiles fell 10.6 million barrels, the largest decrease since February