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Oil Tops $60 for First Time in 2015, Industry Cutbacks Support

2015-02-13 15:33:51| Oil & Gas - Topix.net

Oil rose above $60 a barrel on Friday for the first time this year, bringing gains this week to 4 percent, supported by signs that deeper industry spending cuts may curb excess supply. Also supporting oil, euro zone economic growth accelerated unexpectedly in the final quarter of 2014 as the bloc's largest member, Germany, expanded at more than twice the expected rate.

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