Economics
Oil Rises a Third Day as U.S. Confidence, Manufacturing Advance
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Oil rose for a third day in New York as better-than-forecast U.S. consumer confidence and industrial data bolstered optimism in the economy of the world’s biggest crude-consuming country.
Futures increased 1.4 percent after the Thomson Reuters/University of Michigan April preliminary index of consumer sentiment advanced to 69.6 from 67.5 the prior month. The Federal Reserve said U.S. production at factories rose 0.8 percent in March, the fifth straight gain.