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Oil Rises Most in Two Months as Saudis Boost Pricing to Asia

relates to Oil Rises Most in Two Months as Saudis Boost Pricing to Asia
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Oil futures jumped the most in two months after Saudi Arabia raised prices for crude shipments to Asia, as demand from refineries improved.

West Texas Intermediate crude surged 6.1 percent in New York and Brent gained 5.8 percent in London, where volumes were about 50 percent below the 100-day average because of the Easter Monday holiday. Saudi Arabia narrowed the discount on its main Arab Light grade for next month’s sales to Asia.