Oil prices reacted positively to the pledges of industrialised nations to support the financial system, while some believed the rebound could be short-lived due to eroding demand. Coal, gas and emissions followed oil upwards.
Reported cuts in supplies from Saudi Arabia combined with threats of further cutbacks next month from Opec gave a psychological upward momentum to oil. Nymex November WTI gained USD 3.49 to close at USD 81.19/bbl, while ICE November Brent rose USD 3.37 to settle at USD 77.46.However, Goldman Sachs lowered its price forecasts for Q4 WTI to USD 85/bbl (from USD 120), as well as USD 75/bbl
Dienstag, 14.10.2008, 07:58 Uhr
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