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Oil Holds Gains Near $50 a Barrel as OPEC Sees Demand Growth
©2015 Bloomberg News NW2VS56KLVR5 (Bloomberg) — Oil extended gains near $50 a barrel amid speculation an increase in demand will ease a global glut. Futures rose as much as 0.5 percent in New York after advancing 9 percent last week. Demand will grow and non-OPEC supply is due to contract,
For Strategic Oil Reserve, Question May Be How Low Can You Go?
©2015 Bloomberg News NWWIK16JIJV4 (Bloomberg) — Eight years ago, then-President George W. Bush called on Congress to double the size of the Strategic Petroleum Reserve to 1.5 billion barrels. Now, with U.S. imports and demand dropping, the question has become: How low can it go? Under a budget deal reached
