(Reuters) - Oil neared another 11-month high on Tuesday, extending nine days of gains that have lifted crude by $6 to within striking distance of its record above $78.
The rally to an 11-month high of $76.34 a barrel on Monday has coincided with a big rise in investment flows. Speculators boosted their long positions in the New York Mercantile Exchange crude oil market to a record in the week to July 3.
Read more at Reuters Africa
The rally to an 11-month high of $76.34 a barrel on Monday has coincided with a big rise in investment flows. Speculators boosted their long positions in the New York Mercantile Exchange crude oil market to a record in the week to July 3.
Read more at Reuters Africa
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