Reuters
Business
Oil rises 2 pct on U.S. factory data, gold surge
Wed, 04 Nov 02:02 AM IST

By Joshua Schneyer

NEW YORK (Reuters) - Oil rose nearly 2 percent to above $79 a barrel on Tuesday after data showed U.S. factory orders in September expanded at a quicker pace than expected, signaling potential for more fuel demand in the world's biggest energy consumer.


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