24.12.2009 - Oil prices may see cyclical rebound next year |
From Business24-7.ae: Oil took several adverse factors into its stride and rallied even as other commodities put up a lacklustre performance yesterday. Nymex crude for delivery in February rose 0.54 per cent to $ 74.80 a barrel. Dated Brent spot prices rose 0.59 per cent to $ 73.15 a barrel. While oil prices have rallied in the past few days, factors that are known to propel oil prices are simply not present.........................................Full Article: Source |