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Crude oil climbed for a second day in New York after U.S. consumer confidence increased in November by the most in more than eight years.
The Conference Board’s index rose to 56 from a revised 40.9 reading in October as Americans grew more upbeat about employment and income prospects. It was the biggest monthly gain since April 2003, figures from the New York-based private research group showed today.
Crude oil for January delivery climbed to $99.79 and dropped as low as $97.23 during the session. Prices are up 8.8 percent this year.
Brent oil for January settlement climbed $1.67, or 1.5 percent, to $110.67 a barrel on the London-based ICE Futures Europe Exchange.
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