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BUZZ-Mining and oil stocks continue to squeeze

** Sharp rally in mining and oil services stocks enters a second day, with traders citing a continuation of a short squeeze begun on Thursday

** Anglo American (LSE: AAL.L - news) up 11 pct (33 pct in two days, its biggest such rise on record); Glencore (Xetra: A1JAGV - news) up 5 pct (21 pct in two days)

** Oil services stocks up 3-7 pct

** All stocks have high levels of short interest

** Price action in mining stocks seen as higher quality - and with lower levels of short interest - more muted

** BHP Billiton (NYSE: BBL - news) up 1.2 pct, Rio Tinto (LSE: RIO.L - news) flat

(RM (LSE: RM.L - news) : alasdair.pal.thomsonreuters.com@reuters.net)