UPDATE 10-Oil rallies on U.S. data, bullish EIA monthly report

April 7, 2015 7:05 PM

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* Coming up: EIA oil inventory data due 10:30 a.m. EDT Wednesday (Adds API data and price reaction paragraphs 7-10)

NEW YORK, April 7 (Reuters) - Oil futures rallied on Tuesday and U.S. crude approached 2015 highs on strong jobs data and government forecasts for lower U.S. crude production growth and higher global demand for oil.

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