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Oil rebounds to near $56 after near 22 month low - Economic Times SINGAPORE: Oil rose near $56 a barrel on Tuesday, rebounding from a near 22-month low on stronger US industrial output data, but fears that the global economic slump was further trimming fuel demand kept a lid on gains. US industrial output rebounded ... Most Asian, European markets rebound after Wall Street rout; Korean ... - Minneapolis Star Tribune BANGKOK, Thailand - Most Asian and European markets rebounded Friday after sharp declines in recent days as investors scooped up battered financial and technology shares. Major Asian benchmarks opened lower after Wall Street tumbled to multiyear lows ... U.S. stocks surge on Obama pick year low on Friday and oil rose above $50 as expectations of further interest rate cuts helped to cushion deepening gloom about the broader economy. By Natsuko Waki Wall Street was set for a firmer start Oil rebounds to near USD 56 per barrel - Indian Express Oil rose near USD 56 a barrel on Tuesday, rebounding from a near 22-month low. Related Stories: Oil slips below USD 56 per barrel Oil prices lose ground as OPEC confirms meet OECD says developed world is already in recession Oil falls to 22-month low ... Wall Street rally on news of Geithner for Treasury mins ago US President George W. Bush began Friday his last scheduled? More 5 hours 50 mins ago Oil rose 1 percent on Friday as stock markets recovered? More 6 hours 1 min ago Fears of more mass job cuts from the global economic crisis? More 6 hours Gold Seeker Weekly Wrap-Up: Gold Gains Over 6% on the Week While Silver Falls Slightly Thanksgiving Holiday on Thursday, and Chicago PMI on Friday. The Markets: Charts Courtesy of http://finance.yahoo.com/ Oil rose and the U.S. dollar index fell with treasuries as economic worries eased slightly and encouraged market participants to put US stocks rally on Obama pick news to end up 3.4 percent. Climbing energy companies also boosted the market as the price of oil rose from a three-and-a-half-year low. Exxon Mobil jumped more than 10 percent. For the week, the Dow lost 5.3 percent, the S&P 500 fell 8.4 percent, and Oil rises near $127 despite dollar gains (Reuters via Yahoo! News) Oil rose on Monday, extending last week's climb that saw prices jump to a record high near $128 a barrel, as concerns over tight fuel supplies overshadowed gains in the U.S. dollar. U.S. Stocks Rally as Obama Picks Tim Geithner to Head Treasury name Geithner to replace Henry Paulson. National-Oilwell Varco Inc. and Chesapeake Energy jumped more than 20 percent as oil rose for the first time in six days. The rally came after this week?s rout dragged the S&P 500?s price-to-earnings Oil leaps to new record above $129 (China Daily) LONDON -- Oil rose to a new record above $129 a barrel on Tuesday, driven by yet more bullish price forecasts from investment banks and influential US oil investor T. Boone Pickens.
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