02.02.2009 - Oil rises near $42 on strike threats, eyes US data

From Reuters: Oil futures rose near $42 a barrel on Monday, buoyed by threats of major strikes by refinery workers in the United States and Britain, but the gains were tempered by concerns of sagging global energy demand. Signs from OPEC late last week that it may deepen its record output cuts to stem the over $100 collapse in oil prices, and an abrupt end to a ceasefire in Nigeria's oil rich Niger-Delta also supported oil prices, analysts said..... Full Article: Source

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