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Oil rises above US$61 after strong US GDP growth in Q3

Oil analysts say positive impact of US GDP figures helped by thin trading volume

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Brent crude oil rose above US$61 a barrel on Tuesday after data showed the US economy grew at its quickest pace in 11 years in the third quarter, outweighing downward pressure from a global glut and evidence of weak demand in other parts of the world.

London

BRENT crude oil rose above US$61 a barrel on Tuesday after data showed the US economy grew at its quickest pace in 11 years in the third quarter...

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