BLBG; Oil Rebounds From 10-Month Low After Central Banks Cut Rates
By Grant Smith
Oct. 8 (Bloomberg) -- Crude oil rebounded from a 10-month low after central banks in the U.S., Europe and China reduced interest rates to thaw credit markets.
Crude oil for November delivery rose as much as 93 cents, or 1 percent, to $90.99 a barrel on the New York Mercantile Exchange, after earlier falling as much as 4.5 percent. It was at $88.99 at 12:16 p.m. in London.
To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net
