Oil prices jumped above US$65 a barrel Monday

VIENNA, Austria - Oil prices jumped above US$65 a barrel Monday as world stock markets rallied on news of a massive Chinese economic stimulus plan, which could underpin demand for crude. Increasing evidence that OPEC production cutbacks were taking hold also helped support prices. Light, sweet crude for December delivery was up $4.28 to $65.32 a barrel in electronic trading on the New York Mercantile Exchange by afternoon in Europe. The contract Friday rose 27 cents to settle at $61.04. China… More information...

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