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Friday 17 August 2018

Oil hits two-year high

OIL is back close to the highest price levels in more than two years, as accelerating manufacturing activity continued to rise in industrialised economies.

US crude for February rose three cents to $91.58 (€68.64) a barrel, less than a dollar below yesterday's peak, which was the highest since early October 2008. JPMorgan analysts said oil sentiment has turned "decidedly bullish".

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