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5 reasons oil is on track for biggest monthly gain in nearly a year

March 28, 2016

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Oil futures are set to score their largest monthly gain in almost a year, even though U.S. crude supplies climbed in each of the last six weeks and major oil producers have yet for formalize a plan to stabilize output.

West Texas Intermediate crude futures settled at $39.46 on Thursday, up nearly 17% month to date. A monthly gain of that size would be the largest since April of last year. Markets were closed Friday for the Good Friday holiday.

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