BLBG: Oil Rebounds From 21-Month Low on Possible Early OPEC Meeting
By Grant Smith
Nov. 13 (Bloomberg) -- Crude oil rose, rebounding from its lowest in 21 months, after a plan was put forward for OPEC to hold a full meeting in Cairo this month before its scheduled December gathering.
Crude oil for December delivery rose as much as 68 cents, or 1.2 percent to $56.84 a barrel on the New York Mercantile Exchange as of 12:06 p.m. London time.
The contract earlier fell as much as $1.49, or 2.7 percent, to $54.67 a barrel, the lowest since Jan. 30, 2007.
To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net
