29.10.2008 13:51

Crude oil prices are squeezing higher Wednesday.


The Wall Street's 10.9% gain yesterday, talk of OPEC emergency meeting to defend oil prices and speculation of central bank rate cuts -- FOMC & Norges Bank meet today and expected to cut 50bps -- all factors contributing the oil price bid. WTI Nymex crude oil hits $66.45, up $3.72.






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