Thursday, March 05, 2009

Oil prices dip by 10%, but rebound on news that OPEC may take measures to sustain prices

Crude oil for April delivery has moved up by US$1.50 to US$41.65/barrel, on news that OPEC plans to devise a “solution” to boost oil prices when it meets on March 15.
Oil prices plunged by 10% yesteerday, to US$40.

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