15-May-2009 4:40 PM
Jet fuel prices on the rise; economic "green shoots" to be "buried under the thick ice" - IEA
Analysis
Oil prices rose slightly in New York on Thursday, with light sweet crude for June delivery closing up 60 cents at USD58.62 per barrel. Prices fell to an intra-day low of USD57.10 on the release of a report from the International Energy Agency predicting world oil consumption will contract this year at its fastest pace since the 1980s.
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