Economics
WTI Oil Rises a Second Day on Supply Outlook
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West Texas Intermediate advanced for a second day amid forecasts that crude stockpiles dwindled last week in the U.S., the world’s largest oil consumer.
Futures rose as much as 1 percent in New York. U.S. inventories probably shrank by 2 million barrels last week as refineries increased operations, a Bloomberg News survey showed before a government report tomorrow. World oil consumption will rise in the second half of this year as economic growth continues to recover, Goldman Sachs Group Inc. said today.