Oil jumps 3% on better housing data and bank performance
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Mosi [2011-05-20]
NEW YORK, July 18 - Oil prices jumped 3 percent on Friday as data showed positive signs in most-battered housing and banking sectors.
Light, sweet crude for August delivery rose 1.87 dollars, or 3.0 percent, to 63.89 dollars a barrel on the New York Mercantile Exchange.