Economics
Oil Rises to Nine-Month High on U.S. Economic Outlook
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Oil climbed to a nine-month high in New York as signs of an improving U.S. economy and progress on a bailout for Greece bolstered the outlook for fuel demand.
West Texas Intermediate crude rose 0.9 percent to cap a weekly gain of 4.6 percent as the index of U.S. leading indicators advanced in January for a fourth month. Germany’s government signaled that finance ministers may be ready to support a 130 billion-euro ($171 billion) rescue for Greece.