12.03.2009 - Oil rebounds towards $43 after bearish oil data

From Livemint.com: Oil rebounded towards $43 a barrel on Thursday after a 10% fall in the past two sessions on bearish data for the US and China, the world’s two largest oil consumers, and ahead of Opec’s meeting this weekend. Adding further gloom, Japan’s economy posted its sharpest contraction since the oil crisis of 1974 in the final three months of last year, revised government data showed, and economists saw little signs of an early rebound..... Full Article: Source

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