Both oil and coal prices are soaring amid strong equity markets and a new interest rate cut in the US.
The front month WTI contract in New York rose USD 4.77 yesterday to settle at USD 68.23/barrel, and was last seen at USD 70.41/barrel this morning. Brent is currently trading around USD 67.50, after a gain of more than five dollars yesterday to USD 65.47/barrel.Prices reacted to recovering stock markets and interest rate cuts, notably in the US where the Federal Reserve predictably cut i
Donnerstag, 30.10.2008, 07:53 Uhr
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