Oil rallies nearly 5%, at highest in two weeks


05/08/2012 09:37 AST  MarketWatch

Crude-oil futures on Friday ended at their highest in two weeks, as optimism permeated nearly all markets after positive U.S. data on jobs and the services industry. Crude for September delivery (US:clu2) gained $4.27, or 4.9%, to end at $91.40 a barrel on the New York Mercantile Exchange. That was also oil's highest one-day percentage increase since late June.

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