Oil Rises on Central Bank Stimulus Optimism
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Oil advanced as optimism that central bank stimulus will revive the global economy pared crude’s biggest weekly decline in more than three months.
Futures rose 0.5 percent and stocks gained as a report said European officials will unveil a bailout plan for Spain. Crude climbed to an intraday high of $100.42 a barrel Sept. 14 on measures by the Federal Reserve and the European Central Bank to bolster economic growth.