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Will Rising Oil Boost the Global Economy?

August 15 -- All it took was a few words from OPEC to encourage oil bulls. Money managers increased wagers on rising crude prices by the most since January as futures rebounded from a three-month low. Prices jumped after OPEC’s president said Aug. 8 the group will hold informal talks in Algiers next month and Saudi Arabia signaled Aug. 11 it’s prepared to discuss taking action to stabilize markets. RBC Europe Chief European Macro Strategist Peter Schaffrik discusses oil and the outlook for the European economy with Bloomberg's Francine Lacqua on "The Pulse."