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Oil rose on reports showing that U.S. consumer confidence gained and that the United Nations’ atomic agency found evidence that Iran boosted its output of enriched uranium that could be used for a nuclear weapon.
Futures climbed as much as 0.7 percent after the Thomson Reuters/University of Michigan final index of consumer sentiment advanced to 79.3, the most since 2007. Iran almost doubled its supply of 20 percent-enriched uranium, to 145 kilograms (320 pounds) since February, the International Atomic Energy Agency said today.
Crude oil for July delivery rose to $91.32 a barrel on the New York Mercantile Exchange.
Brent oil for July settlement rose 29 cents, or 0.3 percent, to $106.84 a barrel on the London-based ICE Futures Europe exchange.
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