Oil gains 3 percent on Europe hopes, US sales data - Reuters

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NEW YORK (Reuters) - Oil prices rose 3 percent on Friday, posting a second straight weekly gain, on lift from stronger-than-expected U.S. retail sales and optimism about the prospect that European leaders can reach a deal to address the euro-zone debt crisis. With Brent's front-month November contract expiring on Friday, the premium to U.S. crude strengthened and intraday reached a record $28.10 a barrel.

Oil gains 3 percent on Europe hopes, US sales data - Reuters