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Oil Rebounds after Friday's Record 5-Year Low

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On Monday the London markets began to rebound slightly despite worries over the weak global crude demand. ”US benchmark West Texas Intermediate (WTI) for January gained 55 cents to $62.40 a barrel, having earlier tumbled to $60.28 -- last seen on July 13, 2009." Unrest in Libya over the weekend helped support the price of oil.


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