Oil prices edge up on recovery hopes, weak $
By Alejandro Barbajosa | China Daily | Updated: 2010-06-15 07:28
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The drilling rig Discoverer Enterprise recovers oil from the leaking Deepwater Horizon site in the Gulf of Mexico on Sunday. Oil company BP is deploying deep water sensors to better determine the amount of oil leaking from the uncapped well. James Edward Bates / AP |
SINGAPORE - Oil climbed as much as 1.4 percent toward $75 on Monday as renewed optimism about the global economic recovery rekindled appetite for risk, sending Asian stock markets to a one-month high and the dollar down.
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