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Oil prices rise, hover near $67 a barrel

5 years ago September 29, 2009 Sep 29, 2009 Tuesday, September 29 2009 Tuesday, September 29, 2009 5:21:43 AM EDT in News
Source: Associated Press

Oil prices hovered near $67 a barrel in Asia as regional stock markets rebounded and investors awaited a slew of data on the U.S. economy.

Benchmark crude for November delivery was up 14 cents at $66.98 in electronic trading on the New York Mercantile Exchange.

Regional stock markets, often a barometer of optimism about economic prospects, rebounded from a sharp fall Monday after corporate takeovers boosted Wall Street to a higher close.

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