Oil price rises after US bailout

Oil prices continued their upward path today as investors digested the implications of the 700bn (€483.5bn) banking sector bail-out.

Oil price rises after US bailout
Mon, 22 Sep, 2008 - 12:15

Oil prices continued their upward path today as investors digested the implications of the $700bn (€483.5bn) banking sector bail-out.

Light, sweet crude on the New York Mercantile Exchange – the world’s benchmark price – rose two dollars to $106.63 in electronic trading.

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