BLBG: Crude Oil Futures Rebound From 4-Year Low in New York Trading
By Will Kennedy
Dec. 18 (Bloomberg) -- Crude oil futures rose in New York, rebounding from a four-year low, on speculation that a stimulus package being prepared by President-elect Barack Obama will boost energy demand as OPEC cuts supply.
Crude oil for January delivery rose as much as 2.1 percent to $40.90 a barrel in electronic trading on the New York Mercantile Exchange today. The contract traded at $40.77 a barrel at 8:23 a.m. London time.
