Gains were limited, however, by bets OPEC might concentrate on implementing its existing output cut at its meeting tomorrow rather than introducing a new production cut.
At 3:54 p.m. in London, front-month Brent North Sea crude contracts for January delivery were up 23 cents at US$61.75 a barrel, after settling down 32 cents at US$61.52 yesterday.
Meanwhile, front-month New York light sweet crude contracts for January delivery rose 57 cents at US$61.59 a barrel, after dipping 20 cents to close at US$61.02 yesterday.
Copyright 2006 AFX News Limited. All Rights Reserved.
Most Popular Articles
From the Career Center
Jobs that may interest you