Wednesday, October 22, 2008

Oil rises above $67 after sharp fall; eyes on OPEC

A Northern Virginia Chevron gas station employee lowers the price gasoline on a signboard early in the morning of October 16, 2008. (Larry Downing/Reuters)
Oil rises above $67 after sharp fall; eyes on OPEC Reuters - 1 hour, 42 minutes ago

PERTH (Reuters) - Oil bounced back on Thursday to hover above $67 a barrel, recouping some of the previous session's 7.5 percent loss, as investors shifted their focus to a likely OPEC agreement on Friday to cut output.

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