Oil prices rebounded on Monday on expected supply cuts from Opec on Friday, but the main driver remains fear over a global recession.
Nymex November sweet crude climbed USD 2.40 to delivery at 74.25/bbl after an intra-day high of USD 76.12/bbl. The new December benchmark settled up USD 2.26 at 74.39/bbl.Meanwhile, ICE Brent December strengthened USD 2.43 to close at 72.03/bbl after registering a high of 73.61/bbl on the London platform.The market is buzzing with guesswork over what price threshold Opec will aim
Dienstag, 21.10.2008, 07:49 Uhr
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