West Texas Intermediate climbed in New York to the highest level in more than a week as OPEC raised its demand forecast and the Group of Seven pledged to avoid devaluing their currencies.
Futures rose 0.5% after the Organization of Petroleum Exporting Countries said it will have to provide 29.8 million barrels a day in 2013, up 0.3 percent from a January estimate. The dollar fell against the euro on the G-7 statement. Iran reiterated readiness to allow nuclear inspectors to visit a military site if its rights are recognized. An International Atomic Energy Agency team will arrive Wednesday.
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