World oil prices are recovering from four-month lows as cold weather hits the northern hemisphere. New York's main contract, light sweet crude for delivery in December, rose to US$58.01 per barrel and in London, the price of Brent North Sea crude for December delivery rose to US$55.52 per barrel.
OPEC chief has discounted any cut in oil production despite last week's sharp decrease in prices. Rising crude stockpiles in the United States reinforced signs of waning demand also affected the downtrend in prices
15-Nov-05 
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