27-Aug-2010 12:36 PM

Oil prices rally after falls, PetroChina forecasts 'drastic, high frequency' price fluctuations

Analysis

After six days of steady falls, oil prices have rallied late in the week, after threatening to go below USD70 per barrel. The interplay between the recovery of the US economy and oil prices continues, with better US jobless figures helping to trigger the late week rally.

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Oil prices rally after falls, PetroChina forecasts 'drastic, high frequency' price fluctuations

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