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Oil rises in support after upbeat economic data
10/23/15
Has seen world oil markets, on Friday, a rise in prices in support after upbeat economic data and a rally in global stock market.
According to Reuters, the more the price of the global Brent crude 25 cents to $ 48.33 a barrel by 0810 GMT, after rising 23 cents at the settlement in the previous session.
US crude price in December contracts for ten cents to $ 45.48 a barrel, after increasing 18 cents on Thursday.
The increase in prices after remarks by European Central Bank President Mario Draghi on Thursday about the possibility of detection of new initiatives for the euro zone in December.
US data on Thursday showed a strong recovery of sales of existing homes in September, and the approaching new orders for unemployment benefits from their lowest levels in 42 years.
But Asian stock markets suffered a wave of global stock rally that boosted morale in general.
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