Markets latch on to 10% bounce in oil prices
Talk of more monetary easing from Europe and Japan triggers rebound
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Singapore
OIL prices rebounded with such a vengeance on Friday that analysts suggest the panic engulfing global financial markets might be at a temporary end.
The trigger was apparently European Central Bank (ECB) president Mario Draghi saying after a scheduled ECB meeting that he would "review and possibly reconsider" its policy stance at the next March meeting. Markets took him to mean that more easing was coming.
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