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Oil Extends Gain From One-Month Low as Stocks Rise, Dollar Slips

  • Poll shows the campaign for the U.K. to stay in the EU leading
  • Gasoline surges as refiner profit from making fuel increases
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Brexit Positivity Fuels Oil's Gains From One-Month Low

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Oil gained, extending its advance from a one-month low last week, as equities rose and the dollar slipped on speculation the U.K. will vote to remain in the European Union.

Futures rose 2.9 percent in New York. The Bloomberg Dollar Spot Index fell for a fourth day and global equities surged as a poll showed the campaign for the U.K. to stay in the EU leading by three percentage points. Oil prices closed at a one-month low on Thursday as speculation the U.K. would leave the EU intensified and central banks signaled their worries about global growth. Gasoline futures climbed the most in a month.