Financial Times FT.com

Oil prices rally to fresh peak for the year

By Chris Flood

Published: October 21 2009 12:18 | Last updated: October 21 2009 18:49

Crude oil prices rebounded from early weakness and hit a fresh 2009 high on Wednesday as commodity markets rallied after the US dollar sank through a key resistance level against the euro.

Nymex December West Texas Intermediate rose $2.25 to $81.37, recovering from a session low of $77.64.

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