Crude oil rose Thursday to its highest level since Jan. 14, Bloomberg reported.
Futures for March delivery settled $79.06 a barrel on the New York Mercantile Exchange, rising $1.73 over Wednesday's settlement, Bloomberg said.
An index of leading economic indicators rose for the tenth straight month in January, the New York-based Conference Board said Thursday.
A Department of Energy report showed the demand for fuel has increased in the last four weeks, and refineries are bolstering operating rates, Bloomberg said.
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