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Brent oil increases above $109 on hopes of euro zone stimulus

Brent crude oil increased above $109 a barrel today on hopes that euro zone stimulus may increase the region's economy and oil demand.

Lenders increased the borrowing base of the companys credit facility to $400 million, up from $300 million, the company said May 29.

The next adjustment to the borrowing base is scheduled for June 30, the company said.

The borrowing base was increased during an annual redetermination, the company said.

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