Oil rebounds from a 2-month low on ECB

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

On Thursday, oil retreated from a 2-month low, as the 17-nation currency appreciated versus the U.S. counterpart before the upcoming ECB meeting, supporting demand for commodities. On the NYMEX, November delivery futures for light sweet crude hit a session high of $88.76 per barrel, and consolidated at $88.60 by 8:46 a.m. in London.

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