Oil futures were up on speculation that the Federal Reserve may take steps to stimulate the economy, Bloomberg reports.
Oil traded at a four-day high as markets responded to news of more possible stimulus and on OPEC?s call for its members to cut production. The Organization of Petroleum Exporting Countries is recommending a reduction in output by 1.6 million barrels a day.
Mike W. Thomas covers technology, military, regulatory issues and does small-business reporting/editing.
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