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Crude extends gains after surge on short-covering, cold spell

Oil prices soared 10 percent on Friday, one of the biggest daily rallies ever, as bearish traders who had taken out record short positions scrambled to close them, betting the market's long rout may finally be over. “Low crude oil prices continue to negatively impact high cost U.S. oil producers. A massive snowstorm on the U.S. East Coast helped stoke demand for oil for heating, helping

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Crude extends gains after surge on short-covering, cold spell