Economics
Oil Completes Longest Run of Weekly Gains Since 2009
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Oil completed a seventh weekly gain in New York, the longest run of advances in almost four years, on speculation that stronger economic growth will boost demand.
Prices were little changed today as the euro strengthened to an 11-month high against the dollar after the European Central Bank said banks will hand back a greater amount of loans than analysts estimated and German business confidence rose for a third month in January. U.S. oil demand grew last week by the most in a month, government data showed yesterday.