Oil prices recover slightly after steep drop

THE Commonwealth Bank has swiftly turned its attention to Suncorp after paying $2.1 billion for BankWest. He cited the Commonwealth Bank's $2 billion bid for BankWest as evidence they had plenty of money. In the midst of this, Commonwealth Bank confirmed it would pay $2 billion for BankWest, a subsidiary of British bank HBOS. Commonwealth Bank is providing 6.5 per cent. Hunter United Credit Union is providing the highest rate so far, 7.07 per cent. All the major banks rose, with the Commonwealth Bank adding $1.15, or 2.6%, to $45.15 and NAB adding 45 cents, or 1.8%, to $26.00. By V. The Commonwealth Bank said more cuts would be possible when the financial turmoil stabilised. "I think it's very difficult for OPEC," said David Moore, commodity strategist at Commonwealth Bank of Australia in Sydney.

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