Thursday, November 15, 2007

Marginal rise in oil prices after two days of losses

Oil prices recorded a marginal rise in prices, on Wednesday, springing back from two sessions of consecutive losses. Last two days saw prices dipping below record highs, on expectations that US inventory data will show a fall for a fourth straight week. US light crude for December delivery rose to US$91.42 a barrel by 0158 GMT, after dropping more than 3.5% on Tuesday.

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