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Commodities Briefing - Categorized | Oil, Price Watch more

Oil rises to six-month high near $58

Posted on 08 May 2009

From AP: Oil prices jumped to almost $58 a barrel Thursday, extending gains to near six-month highs on investor expectations that global economic growth may begin to rebound by the end of the year.

Some analysts, however, warned that the higher prices did not reflect market fundamentals but were the result of oil investors mimicking rising equity markets…….Full Article: Source


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