Oil Rises to Two-Month High as Supplies Slip
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Oil rose to a two-month high after the Energy Department said inventories decreased as refineries ramped up operations, boosting demand for crude.
Prices gained for a fourth day as stockpiles fell to 371.6 million barrels, the least since Oct. 12, and refineries ran the most since August. Petroleum consumption rose to the second-highest level this year and demand for distillate fuels including heating oil and diesel increased to the greatest amount in 2012.