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Commodities Briefing - Categorized | Oil, Price Watch more

Crude oil price slips back above $80 a barrel

Posted on 14 October 2008

From FT: Commodities prices reboun­ded strongly, with oil nudging back above $80 a barrel, after the world’s leading industrialized nations pledged to do everything in their power to support the financial system and the global economy.

The price increases came after raw materials suffered large losses last week as traders bet the global economy was heading into a recession. However, analysts said the rebound could be short-lived amid concerns about slowing demand…… Full Article: Source


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