Oil Rallies 10% This Week

Monday, October 12, 2009

Oil futures ended lower on the last trading day of the week, pressured by an upmove in the US Dollar.

Even though, prices held above 51 dollars a barrel and ended the week up 10 percent.

The Federal Reserve's aggressive measures boosted optimism of a global economic recovery and on the reflation trade. Inflation might just be around the corner.

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