Posted AT 4:24 PM EST on 20/08/08
Oil rebounds near $115
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.
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| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -20.97 | 11,579.33 |
| DJIA | -14.28 | 10,318.16 |
| S&P 500 | -3.52 | 1,091.38 |
| Nasdaq | -10.78 | 2,146.04 |
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