01.12.2008 - Oil market outlook
From Bangkokpost.com: The battle between US rescue plans and the recession is escalating, leaving oil prices directionless. Last week, the price of West Texas Intermediate crude rose more than $4 in the wake of the announcement by the US government of the plan to rescue Citigroup, the weaker US dollar, high expectations of the US government bailing out General Motors, and China's interest rate cut of 1.08 percentage points to 5.58% to boost economic growth. .... Full Article: Source
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