LONDON (Reuters) – Oil rose toward $79 a barrel on Friday, after sliding more than 2 percent the previous session, as an upwards revision in U.S. gross domestic product for the fourth quarter helped revive lackluster sentiment.
The U.S. economy grew faster than initially thought at 5.9 percent versus 5.7 percent in the fourth quarter, a government report showed on Friday, boosting expectations for fuel demand growth in the world’s top energy consumer.
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