Oil opens new year with strong gains on optimism over economic rebound in China

The Energy Select Sector SPDR® Fund ETF (XLE), USO

Crude oil futures rose for a fifth straight session Friday to close the week near a three-month high, helped by optimism over the potential for further stimulus in China, the world’s largest crude importer.

Crude kicked off the new year

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Oil opens new year with strong gains on optimism over economic rebound in China

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Oil opens new year with strong gains on optimism over economic rebound in China

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