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Oil rose for the first time in four days as a private report showed U.S. companies added more jobs than forecast and as the dollar weakened before a Federal Reserve statement on the economy. Oil gained as much as 1.7 percent after ADP Employer Services said companies added 110,000 workers in October, beating estimates. Oil pared gains briefly after the Energy Department reported a bigger-than-expected storage increase. Crude supplies rose 1.83 million barrels to 339.5 million in the week ended Oct. 28, the Energy Department said today.
Crude oil for December delivery rose to $93.79 a barrel on the New York Mercantile Exchange.
Brent oil for December settlement gained $1.63, or 1.5 percent, to $111.17 a barrel on the London-based ICE Futures Europe exchange.
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