Oil Rises From Four-Month Low as Refineries Restart
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Oil rose from the lowest level in almost four months as refineries restored production after Hurricane Sandy tightened fuel supplies.
Prices snapped a three-week loss as four of the six Northeast refineries that were forced to close because of Sandy resumed output. Gains accelerated in the final 15 minutes of floor trading as gasoline jumped and Brent oil in London climbed on unprecedented delays in North Sea Forties shipments.