Crude Gains as Economic Recovery Boosts Outlook for Fuel Demand
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Crude oil climbed for the first time in five days in New York as the improving economic outlook in the U.S. and Europe fanned speculation fuel demand may increase.
March futures rose as much as 0.6 percent before a Commerce Department report this week that may show U.S. gross domestic product accelerated in the fourth quarter. Industrial orders in the euro area probably gained in November, according to a Bloomberg News survey before data scheduled for today. German business confidence unexpectedly climbed to a record in January.