Economics
Oil Climbs to Three-Week High After U.S. Companies Add Workers
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Oil rose to a three-week high as a report showed American companies added more workers than forecast in June and after U.S. crude supplies fell.
Futures rose 2.1 percent after data from ADP Employer Services showed a 157,000 gain in the number employed by businesses last month. An advance of 70,000 was projected, according to the median forecast by Bloomberg News. U.S. crude supplies fell 889,000 barrels to 358.6 million last week, the lowest level since April, an Energy Department report showed.