reportonbusiness.com: Purchase this article

Posted AT 4:24 PM EST on 20/08/08

Oil rebounds near $115

MADLEN READ

The Associated Press

NEW YORK — The price of oil bounced back near $115 (U.S.) a barrel on Wednesday, as traders shrugged off a massive increase in U.S. crude inventories and a stronger U.S. dollar and focused on possible supply threats. It was a volatile day for energy prices, which initially retreated after the U.S. Energy Department said a big gain in imports drove crude inventories up by a hefty 9.4 million barrels in the week ended Aug. 15.

The full text of this article has 818 words.

To continue reading this article, you will need to purchase this article.

License this article

Already have a member account? Login now

Pay-Per-View Offers To read the complete article, select one of the following options

Purchasing from globeandmail.com is quick and secure.

TSX
DJIA
S&P
Nasdaq

Market	Change	Value
Data delayed 15 minutes
S&P/TSX	+69.72	11,250.42
DJIA	+17.46	10,023.42
S&P 500	+2.67	1,069.30
Nasdaq	+7.12	2,112.44

Stock Profile

U.S. stock futures head higher

Investors await key U.S. data on manufacturing and housing

Video: Japan takes it on the chin

Most Popular

Rank	Headline
1.	Canadian dollar on a roll 9:44 AM
2.	Magna poised to take wheel at Opel 1:38 PM
3.	Royal Bank loses $50-million 9:39 AM
4.	CanWest skips interest payment to conserve cash 1:43 PM
5.	U.S. economic slump eases 8:45 AM
6.	Gold jumps above $970/oz as dollar weakens 6:36 AM
7.	Macquarie snaps up Tristone for $130-million 28/05/09 6:36 PM
8.	Oil surges above $65 6:35 AM
9.	UK data signals worst of downturn may be over 6:41 AM
10.	Markets set to end May on a better note 10:16 AM