Oil Rises This Week as Gasoline Surges, Greece Nears Debt Deal
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Oil climbed this week as gasoline jumped to the highest level since August and amid signs Greece is near an agreement with its creditors.
Futures rose 1.1 percent this week after gasoline surged on speculation that refinery outages and plant closures will cut supplies. Olli Rehn, the European Union’s commissioner for economic and monetary affairs, said an agreement is “very close” on private-sector involvement in a Greek debt swap.