After plummeting for four consecutive days, oil prices have risen by over two dollars to US$90.06 a barrel on the New York Mercantile Exchange. Forecast to plunge further, oil prices have risen as invvestors have taken a brief halt from a selling frenzy to review the possibility of a global revival after the US government's sweeping economic bailout.
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Wednesday, October 08, 2008
Marginal recovery in oil prices after a drop below US$90
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