Oil jumps as yuan hits 2016 high; investors put fresh cash into oil

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Oil jumps as yuan hits 2016 high; investors put fresh cash into oil

Oil jumps as yuan hits 2016 high; investors put fresh cash into oil
SINGAPORE (Reuters) - Oil prices jumped on Friday supported by fresh investment and a weaker dollar, which makes fuel cheaper for importers using other currencies, but analysts warned that a stronger price rally was premature as a global glut remained in place.









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