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Oil rallies 4% as stockpiles decline - Friday Fuel Watch

Analysis

A second week of declines in crude oil stocks has prompted a rally in the oil price, with WTI crude trading near USD80 per barrel and North Sea Brent crude pushing past the psychological barrier. Crude prices are trading near a two-month high, with a weak US dollar making commodity investments more attractive. Prices have been trading in the low USD70-75 per barrel range for most of Sep-2010.

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