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<MAIstroTerms><MAIstroTerm Name="Petroleum resources" ttm="oil"></MAIstroTerm></MAIstroTerms> rises as U.S. stimulus hopes outweigh weak demand

 <MAIstroTerms><MAIstroTerm Name="Petroleum resources" ttm="oil"></MAIstroTerm></MAIstroTerms> <MAIstroTerms><MAIstroTerm Name="Prices" ttm="prices"></MAIstroTerm></MAIstroTerms> rose on Thursday as hopes that the White House would move quickly on an <MAIstroTerms><MAIstroTerm Name="Economy" ttm="economic"></MAIstroTerm></MAIstroTerms> stimulus package outweighed flagging demand and rising <MAIstroTerms><MAIstroTerm Name="Product inventories" ttm="inventories"></MAIstroTerm></MAIstroTerms> in the world&#39;s top <MAIstroTerms><MAIstroTerm Name="Consumer research" ttm="consumers"></MAIstroTerm></MAIstroTerms>.

U.S. crude settled 12 cents higher at $43.67 a barrel, after falling as low as $40.41 earlier. London Brent settled at $45.39 a barrel, up 37 cents.

Earlier in the day, crude <MAIstroTerms><MAIstroTerm Name="Prices" ttm="prices"></MAIstroTerm></MAIstroTerms> had dropped after a U.S. government report showed that crude <MAIstroTerms><MAIstroTerm Name="Petroleum resources" ttm="oil"></MAIstroTerm></MAIstroTerms>, <MAIstroTerms><MAIstroTerm Name="Gasoline" ttm="gasoline"></MAIstroTerm></MAIstroTerms> and distillate fuels rose last week as demand for fuels weakened again.

The U.S. stock <MAIstroTerms><MAIstroTerm Name="Stock market" ttm="market"></MAIstroTerm></MAIstroTerms> pared early losses after a spokesman said President Obama&#39;s administration is committed to moving as quickly as possible on an <MAIstroTerms><MAIstroTerm Name="Economy" ttm="economic"></MAIstroTerm></MAIstroTerms> stimulus plan.


&quot;Crude is still resilient, despite the big build you have seen in the EIA data. I have a feeling that there will soon be a rebound in the stock <MAIstroTerms><MAIstroTerm Name="Stock market" ttm="market"></MAIstroTerm></MAIstroTerms> and that will spill over to the <MAIstroTerms><MAIstroTerm Name="Energy resources (Commodity markets)" ttm="energy"></MAIstroTerm></MAIstroTerms> <MAIstroTerms><MAIstroTerm Name="Stock market" ttm="market"></MAIstroTerm></MAIstroTerms>s,&quot; said Mark Waggoner, president of Excel <MAIstroTerms><MAIstroTerm Name="Futures (Investments)" ttm="Futures"></MAIstroTerm></MAIstroTerms> in Huntington Beach, <MAIstroTerms><MAIstroTerm Name="California" ttm="California"></MAIstroTerm></MAIstroTerms>.

&quot;In the last week, I&#39;ve seen <MAIstroTerms><MAIstroTerm Name="Money and banking" ttm="invest"></MAIstroTerm></MAIstroTerms>or confidence improving, with the new Obama administration now installed ... I feel that if this confidence continues, it will spill into more (consumer) buying and that will improve demand for <MAIstroTerms><MAIstroTerm Name="Gasoline" ttm="gasoline"></MAIstroTerm></MAIstroTerms> and other <MAIstroTerms><MAIstroTerm Name="Energy resources (Commodity markets)" ttm="energy"></MAIstroTerm></MAIstroTerms> <MAIstroTerms><MAIstroTerm Name="Product inventories" ttm="product"></MAIstroTerm></MAIstroTerms>s,&quot; he added.


<MAIstroTerms><MAIstroTerm Name="Petroleum resources" ttm="oil"></MAIstroTerm></MAIstroTerms> fell in early <MAIstroTerms><MAIstroTerm Name="Commerce" ttm="trade"></MAIstroTerm></MAIstroTerms> after U.S. <MAIstroTerms><MAIstroTerm Name="Energy resources (Commodity markets)" ttm="energy"></MAIstroTerm></MAIstroTerms> Information Administration data showed that crude <MAIstroTerms><MAIstroTerm Name="Petroleum resources" ttm="oil"></MAIstroTerm></MAIstroTerms> <MAIstroTerms><MAIstroTerm Name="Product inventories" ttm="inventories"></MAIstroTerm></MAIstroTerms> jumped 6.1 million barrels last week, well above expectations for a build of 1.4 million barrels.
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<MAIstroTermList>
<Term Name="Petroleum resources" NumberOfTimes="3" />
<Term Name="Oil (Fuels)" NumberOfTimes="3" />
<Term Name="Energy resources (Commodity markets)" NumberOfTimes="3" />
<Term Name="Product inventories" NumberOfTimes="3" />
<Term Name="Crude oil (Commodity markets)" NumberOfTimes="2" />
<Term Name="Economy" NumberOfTimes="2" />

<Term Name="Gasoline" NumberOfTimes="2" />
<Term Name="Prices" NumberOfTimes="2" />
<Term Name="Consumer research" NumberOfTimes="2" />
<Term Name="Stock market" NumberOfTimes="2" />
<Term Name="California" NumberOfTimes="1" />
<Term Name="Oil and chemical spills" NumberOfTimes="1" />
<Term Name="Futures (Investments)" NumberOfTimes="1" />
<Term Name="Commerce" NumberOfTimes="1" />
<Term Name="Money and banking" NumberOfTimes="1" />
<Term Name="Investors" NumberOfTimes="1" />
</MAIstroTermList>
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