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US oil surges to $50 a barrel as demand improves; Dow at new closing high

Sterling jumped after the Bank of England said it was likely to raise interest rates for the first time in a decade in coming months

Reuters  |  New York 

Rising demand pushed US crude above $50 a barrel on Thursday, while Sterling jumped after the Bank of England said it was likely to raise interest rates for the first time in a decade in coming months. Energy shares rose on Wall Street and in Europe, but stocks were mixed worldwide. A gauge of global equity indexes fell slightly, as did the S&P 500 in the United States, while major European indexes gained and the Dow set a new closing high. West Texas Intermediate, the U.S. crude benchmark, rose more than 2 percent before paring gains after a forecast by the International Energy ...

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First Published: Fri, September 15 2017. 09:39 IST
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