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Oil prices rebounded from an early retreat Monday, as traders brushed aside OPEC supply-side issues and focused on higher stock prices.
Benchmark crude for April delivery gained $1.10 to settle at $47.35 a barrel on the New York Mercantile Exchange. Prices fell as low as $43.62 overnight after OPEC decided to forgo further production cuts [...]
Oil prices rise to highest they’ve been in over two months. Investors are gearing up & preparing for more OPEC production cuts. Oil has been ready for a recovery, and historically it’s hard to find a 30-day window kinder to the market than about March 15 through April 15.
Benchmark crude for April delivery gained [...]
The pestimistic investors persisted to outweigh the news of OPEC’s largest-ever production cut as oil prices continued to hover near 4 year lows.
Light, sweet crude for January delivery edged up 47 cents to $40.53 a barrel in e-trading on the New York Mercantile Exchange by midday in Europe. Earlier, it fell as low as $39.19, [...]