Oil recovers after four-day slump

 

A BP oil rig in the Gulf of Mexico - file photo from 2005
A number of factors have combined to boost oil prices
USA<PENA>Oil prices moved back above $130 a barrel after sliding more than 11% in the past four days, with prices dropping $15 a barrel in that period.
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Posted on 18 Jul 2008 by adnan
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Fed cuts interest rates to 3.5%
 
Fed chairman Ben Bernanke
Fed chairman Ben Bernanke is aiming to shore up confidence
USA<pena>The Federal Reserve has cut interest rates to 3.5%, a shock three-quarters of a percentage point reduction.
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Posted on 22 Jan 2008 by rami
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