Financial Times FT.com

Oil breaches $69 despite fall in demand

ByJavier Blas and Chris Flood

Published: October 29 2008 10:45 | Last updated: October 29 2008 20:23

Commodities prices rose sharply on Wednesday, with oil trading above $69 a barrel, as the dollar retreated after the Federal Reserve lowered US interest rates half a percentage point to 1 per cent.

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