Crude oil prices rebounded as US industrial production impressed. Gains were, however, limited as the EIA said US crude output will hit a fresh record by 2016, helped by shale recovery. The front-month contract for WTI crude oil rebounded from previous drops and ended the day at 97.48 while the Brent crude contract initially soared to as high as 110.4 before settling at 109.41.
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Crude Oil Gained on Encouraging US IP Data
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