Oil for December delivery rose to US$81.96 on the Nymex while Brent crude for December settlement rose to US$83.36 a barrel on the London-based ICE Futures Europe exchange. Speculations of another rouund of credit-easing measures by the US Federal Reserve to help spur growth in the country has pushed oil prices up, and pulled the dollar down.
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Tuesday, November 02, 2010
Speculations rife of credit-easing by US Federal Reserve, dollar weakens, oil rises
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