Energy: Crude reclaims $50 amid OPEC output cuts, Gaza fighting

Date: 6 JAN 2009 14:14:39 GMT

Crude-oil futures extend Monday's rally, reclaiming the $50-a-barrel
mark for the first time since the end of November. Serving as
catalysts are evidence that OPEC's putting into effect announced
production cuts as well as heightened tensions in the Middle East
tied to Israel's ground offensive against Hamas in the Gaza Strip.