Oil rebounds
Oil prices have turned sharply upward, halting a free-fall that had cut about 23 per cent off crude prices in less than two weeks. Analysts in New York suggest several reasons for the turnaround, including announcements of production cutbacks by Iran and Egypt, delays in European shipments by the Soviet Union, and technical factors in the market.
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Press, 30 January 1986, Page 25
Word Count
59Oil rebounds Press, 30 January 1986, Page 25
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