Oil rises above $58 on heating oil, gas futures

Light, sweet crude for December delivery gained 60 cents to $58.20 a barrel on the New York Mercantile Exchange. Jim Ritterbusch, president of energy consultants Ritterbusch and Associates, said oil prices have been driven recently by equity and currency markets, but it appears some fundamentals are now driving price movement [more...]

Date: 2008-11-17 19:10:24

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