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Добавлено: 09.12.2006 20:52 Заголовок сообщения: Oil bounces back up to $63 a barrel |
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Oil rose gradually rose to $63 a barrel today as mild weather across the US was forecast for next week.
However in the back of many people's minds are Opec's looming production cuts.
Energy analyst Victor Shum said: "In the short-term future, what's still going to move the market is the weather."
The price of oil, at least in the short-term, will be buoyed by the coming winter months, he added, predicting that $60 will be the new lowest price for oil.
Source: Energy Saving Trust
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