Oil price hits $70 after US and China cut rates
- Published: 30 October 2008 15:16
- Author:Perry Williams | More by this Author
- Last Updated: 30 October 2008 17:47
The price of oil recovered above $70 a barrel for the first time in a week after the US and China, the two biggest consuming countries in the world, cut interest rates, sparking hopes of a global economic recovery.
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