Oil Trades Near One-Week High on Economy, Saudi Output
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Oil traded near the highest price in a week in New York as investors bet that a U.S. economic recovery and Saudi Arabian crude output near the strongest level since at least 1980 signal fuel demand is increasing.
Futures were little changed after climbing the most in more than three weeks on March 16. Saudi Arabia, the largest producer in the Organization of Petroleum Exporting Countries, pumped