OIL FUTURES: Crude Hits New 7-Month High On Weaker Dollar - Wall Street Journal

NEW YORK (Dow Jones)--Crude oil futures on Thursday extended their rally to a third day, propelled by a weak dollar and a forecast from the International Energy Agency for stronger demand.

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Light, sweet crude for July delivery settled at $72.68 a barrel, climbing $1.35, or 1.9%, on the New York Mercantile Exchange and notching a fresh seven-month high. Brent crude on the ICE Futures exchange settled 99 cents, or 1.4%, higher at $71.79 a barrel. Traders say that oil prices, which have risen 24% in the last month, could easily rise as high as $76 a barrel in the coming ...

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