Oil rallies
Oil prices rose sharply on Monday, lifted by rising global equities and positive data that suggested the worst may be over for the crisis-hit US housing market, analysts said.
New York's main futures contract, light sweet crude for delivery in August, gained 1.06 dollars to 64.62 dollars a barrel.
Brent North Sea crude for September delivery climbed 97 cents to 66.35 dollars.
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