Crude Oil Futures Rise in New York on Signs of Growing Demand
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Crude oil advanced in New York as rising equity markets and forecasts of declining U.S. inventories signaled growing demand for fuel.
European stocks gained for a sixth day, with the Europe Stoxx 600 index rising 1.7 percent. U.S. index futures also rose. The U.S. Energy Department may say tomorrow that crude stockpiles fell last week, and the International Energy Agency predicted higher demand for oil next year.