Oil Rebounds 6.7%

Saturday, October 10, 2009

Crude-oil futures rose Friday for the first time in four days as traders bought the contracts on the heels of their 9.3% slump in the previous session.

Crude for February delivery ended up more than two dollars or 6.7%, at $37.71 a barrel on the NYMEx. Even though oil ended the week down 11%.

Futures are down more than 60% so far this year, poised for their worst year on record since crude started futures trading on the New York Mercantile Exchange in 1983.

This was the performance of several financial assets last week:


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