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Friday, May 8, 2009

Oil extends rise towards $58 on economic hopes(ext: Reuter)

Fri May 8, 2009 12:53pm IST

 

SINGAPORE (Reuters) - Oil extended gains toward $58 a barrel on Friday, heading for weekly gains of more than 8 percent as signs the global economy may have reached bottom multiplied and stirred hopes of recovering oil demand down the road.

 

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