| Crude oil prices increased on Thrusday on news that Saudi Oil Minister Ali Naimi supported an output cut of 1 million barrels a day by OPEC from Nov 1. The US crude oil futures for November delivery rose 1.6% to settle at $58.55 per barrel on the NYMEX. |
US crude oil rises to $58.55/bl
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First Published: Oct 20 2006 | 8:40 AM IST
