Prices had surged on Friday, jumping more than $2 a barrel to $48 amid concerns about tight winter fuel supplies and speculation OPEC may decrease output.
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Crude Started To Rise
Crude futures in Asian trade today continued to rise from Friday
Crude futures in Asian trade today continued to rise from Friday as worries over possible supply crunch in the coming northern winter months resuscitated.
US January Light sweet crude in traded at $48.88 a barrel on the New York Mercantile Exchange, almost unchanged from Friday price of $48.89.
Prices had surged on Friday, jumping more than $2 a barrel to $48 amid concerns about tight winter fuel supplies and speculation OPEC may decrease output.
Prices had surged on Friday, jumping more than $2 a barrel to $48 amid concerns about tight winter fuel supplies and speculation OPEC may decrease output.
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