Oil price rose 2.8%

Oil price rose 2.8%
# 03 November 2008 07:55 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. US crude ended the month down 32% as demand continued to slow in the United States and other big oil users.
On Friday, light sweet crude oil closed up $1.85 or 2.8% to $67.81 a barrel in New York. Earlier in London, Brent crude rose $1.61 to $65.32 a barrel dollars.
The drop in oil has come despite moves by OPEC to prop up prices. Last week, the Organization of the Petroleum Exporting Countries announced plans to cut 1.5 million barrels of production per day at an extraordinary meeting in Vienna.
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