Oil tops $72 on economic optimism, oil demand outlook
October 12th, 2009
| Category: Industry News
By Fayen Wong PERTH (Reuters) - Oil topped $72 a barrel on Monday, extending last week’s gains, thanks to growing optimism about the pace of the global economic recovery and a positive demand forecast from the International Energy Agency. However, gains were limited by a strong U.S. dollar, which rose on the back of comments by Federal Reserve Chairman Ben Bernanke last week that the U.S. central bank will be ready to tighten…
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