Archive for September 2008

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Oil volatile as traders weigh US bailout rejection (7 p.m.)

Oil prices were volatile Tuesday after plummeting overnight as investors weighed the fallout from U.S. lawmakers’ rejection of a proposed US$700 billion bank bailout aimed at stabilizing the teetering U.S. economy.
By midday in Europe, light, sweet crude for November delivery was up US$1.14 to US$97.51 a barrel in electronic trading on the New York Mercantile [...]

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