Economics
Oil Rises for Fourth Day on Stimulus Speculation
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Oil rose for a fourth day on speculation that the European Central Bank and the U.S. Federal Reserve will ease monetary policy to boost economic growth and curb the debt crisis.
Prices gained 0.8 percent after ECB President Mario Draghi was said to be planning to hold talks with Bundesbank President Jens Weidmann on stimulus measures including bond purchases. ECB and Fed policy makers are scheduled to gather separately next week to discuss the economy.