Guillermo
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Oil Rises as Share Prices Rebound - 2008/10/28 19:13
Good day, ladies and gentlemen. We have some news on Oil... I think it will start rising wildly again anytime soon. 
Crude oil rose from a 17-month low as stocks in Europe and Asia rebounded and OPEC ministers said the group may meet again before December, raising speculation of deeper cuts in production.
Crude advanced, tracking equities, as the MSCI World Index added 1.2 percent to 844.36 at 9:15 a.m. in London, snapping a two-day, 8.4 percent drop. OPEC's secretary-general said the producer group may call a meeting earlier than a scheduled December date if prices fail to react to the 1.5 million-barrel- a-day production cut it announced last week.
Crude oil for December delivery climbed as much as $1.67, or 2.6 percent, to $64.89 a barrel on the New York Mercantile Exchange after falling as low as $61.75 earlier today. It was at $63.86 a barrel at 9:50 a.m. London time.
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