Tuesday, October 20, 2009

Oil rises above $80 as earnings beat expectations

SINGAPORE:
Oil prices rose above $80 a barrel Tuesday in Asia, extending a two-week rally as better than expected US corporate earnings boosted investor confidence.Benchmark crude for November delivery rose as much as 44 cents to $80.05 a barrel but later fell back and was up 20 cents at $79.81 by midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.08 to settle at $79.61 on Monday.Crude reached $80
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1 comment:

  1. AnonymousOctober 20, 2009 at 4:05 AM

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