Oil prices rebound to hit $74 per barrel Monday

Last updated: August 23, 2010

New York, NY (BBN)- Oil rebounded to top USD 74 a barrel on Monday, but prices stayed close to six-week lows on a combination of lackluster economic indicators, rising risk aversion and a lack of hurricane activity in the Gulf of Mexico, according to reports. 

BBN/SI/AD-23Aug10-10:57 am (BST)  

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