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Empresas y finanzas

Oil rises over $2 after Australia cuts rates


    SINGAPORE (Reuters) - Oil prices rose more than $2 a barrel on Tuesday after Australia's interest rate cut sparked guarded optimism that global central banks may act to stem the credit crisis and its fallout on oil demand.

    By 1:15 a.m. EDT, U.S. light crude for November delivery rose $2.38 to $90.19 a barrel, having earlier risen to $90.23 a barrel.

    (Reporting by Annika Breidthardt; Editing by Michael Urquhart)