Friday, January 23, 2009

Oil prices rise but demand weak


Oil prices rise but demand weak
23-01-2009

Oil prices have risen. US crude settled 12 cents higher at $43.67 a barrel. London Brent settled at $45.39 a barrel, up 37 cents. Analysts say demand continues to be weak but some traders placed hope in the US stimulus plan. Japan's central bank added a degree of gloom when it predicted two years of deflation.

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