Crude Increases a Second Day
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Crude advanced for a second day, paring its third weekly drop, on speculation that declines were excessive and as the euro increased against the dollar.
West Texas Intermediate oil rose 0.3 percent. Prices gained the most in three weeks yesterday after the 14-day relative-strength index sank below 30 on April 17, a sign the market is oversold, data compiled by Bloomberg show. Commodities gained with the euro after German Finance Minister Wolfgang Schaeuble said in an interview with Wirtschaftswoche magazine that the European Central Bank should reduce liquidity in the euro area.