LONDON: Oil extended a rally above $92 a barrel on Monday, spurred by expectations that a global economic recovery is gathering strength and as market bulls set their sights on $100 a barrel.
US crude was trading 77 cents higher at $92.15 a barrel by 1108 GMT, just off a session high of $92.20, its highest since October 2008. It settled at $91.38 on Friday, marking an annual gain of around 15 percent and the highest year-end price since 2007. Brent was up $1.20 a barrel at $95.95, off ...
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