Energy Industry News
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Oil rose in New York, heading for a second weekly gain on speculation Europe may contain its debt crisis and that the U.S. economy will recover, bolstering demand for raw materials.
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Options protecting against losses in Reliance Industries Ltd. shares fell to the lowest in two years before India’s most valuable company reports earnings tomorrow.
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Oil rose in New York, heading for the second week of gains, on speculation Europe may contain its debt crisis and the U.S. economy will recover, bolstering demand for raw materials.
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Oil rose as much as 58 cents in New York to $84.81 a barrel, reversing earlier losses before a report that may show that retail sales in the U.S. climbed in September from the previous month.