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Oil rebounds on storm worries

29-Aug-2008
Story Timeline:  97 days

SINGAPORE (Thomson Financial) - Oil prices rebounded in Asian trading on Friday as traders kept a close watch on a storm moving toward the Gulf of Mexico and key oil installations, analysts said. In afternoon trade, New York's main contract, light sweet crude for delivery in October, rose $1.51 to $117.10 per barrel after a drop of $2.56 in New York on Thursday. Brent North Sea crude for October gained $1.28 to... [read full story]                    

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Latest article on this story:

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