Oil rose on Thursday, boosted by bargain hunting, but market sentiment remained negative because the global crude glut has persisted despite OPEC-led output cuts. Front-month U.S. West Texas Intermediate crude futures settled up 0.59 percent at $42.78 a barrel. Front-month Brent crude futures rose 1.14 percent to $45.29 a barrel. The spread between the two benchmarks stood at $2.51 a barrel.

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