Oil futures rose early Tuesday after falling nearly 6 percent in the previous session. Crude oil for December delivery rose by $1.41 to $65.34 a barrel in electronic trading done on Globex.
Futures prices rebounded today after falling by $3.90, or 5.8 percent closing at $63.91 per barrel yesterday on the New York Mercantile Exchange. The futures prices of oil have taken a beating amid concerns about the impact of the economic slowdown on energy demand.
Pic courtesy yuan2003 from flickr.com
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