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Article: P/$ rate stands at P47.52/$ 1.(News In Brief)
- Article from:
- Manila Bulletin
- Article date:
- December 27, 2008
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The peso exchange rate closed at P47.52 to the US dollar last Wednesday, the last trading day of the year at the Philippine Dealing & Exchange Corp., (PDEx). The weighted average rate stands at P47.647.
Oil rebounds to over $ 36/bbl
TOKYO, Dec. 26 (Reuters) - Oil rose above $ 36 on Friday, after the UAE joined Saudi Arabia in deepening supply curbs to comply with OPEC's biggest-ever crude output cut last week. Abu Dhabi National Oil Co. (ADNOC), the main producer in the United Arab Emirates, the world's fifth-largest oil exporter, said it will cut supplies of February Murban and Upper Zakum allocations by 15 percent and Lower Zakum and Umm Shaif by 10 ...