OIL FUTURES: Complex settles higher on optimism that financial crisis has been contained

Crude futures settled higher for the second consecutive day March 21, rebounding from a recent selloff on renewed optimism that the financial crisis has been contained, and that lower prices might tighten supplies. NYMEX front-month crude settled $1.69 higher at $69.33/b, while ICE front-month Brent settled up $1.53 at $75.32/b. In refined products, NYMEX front-month RBOB settled 29 points higher…

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