Crude Rebounds From 19 Month Low Sub-USD60

Crude oil dipped to a 19-month low Friday, before rebounding as stock indexes rose and the U.S. dollar weakened, bolstering the appeal of commodities.

At 8am GMT December crude was $1.20 higher at $62.03/barrel, having earlier dipped to $59.97/barrel as Asian stocks weakened.

Crude has now lost almost 60% of its value since hitting an all-time high of $147.27 a barrel July 11.