OIL FUTURES: Crude Tops $75, Near 1-Yr High On Equities, Dlr - Wall Street Journal

NEW YORK (Dow Jones)--Crude oil futures rose above $75 a barrel in early New York trading Wednesday and were near one-year highs on strength in European equities and new lows for the dollar.

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European stock markets rebounded after more positive third-quarter earnings reports from J.P. Morgan early Wednesday and from Intel late Tuesday. U.S. September retail sales figures released Wednesday fell by less than analysts had expected, dropping 1.5%, compared with forecasts for a 2.1% fall. The oil market has been watching gains in equity markets for signs of an end to the recession and an improving ...

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