UPDATE 9-Oil surges 5 pct as bears take profits, seeing $60 floor

UPDATE 9-Oil surges 5 pct as bears take profits, seeing $60 floor

… * Brent closes above $61, U.S. crude settles above $56. * Book-squaring before U.S. crude contract expiry boosts momentum (Writes through, adding OPEC and Naimi comments). By Barani Krishnan. NEW YORK, Dec 19 (Reuters) – Oil closed up as much …

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