Crude oil rose for the first time in five days as an interest rate cut in Australia triggered speculation that other central banks will ease policy to shore up economic growth.

Oil also rebounded on speculation OPEC may trim output. The group, due to review production targets in December, will take ``appropriate measures'' to stabilize international markets, President Chakib Khelil said yesterday.

``We'll see more commitment from central banks that will help the market in the short-term,'' said Hannes Loacker, an analyst at Raiffeisen Zentralbank Oesterreich in Vienna. ``If prices fall to $80, the possibility of OPEC cutting before its December meeting increases.''

Crude oil for November delivery jumped as much as $3.24, or 3.7 percent, to $91.05 a barrel in electronic trading, and was at $89.64 at 9:21 a.m. London time on the New York Mercantile Exchange. Crude oil futures have declined 38 percent from the record $147.27 reached July 11.

Yesterday, crude futures fell $6.07 to settle at $87.81 a barrel in New York. The contract touched $87.56, the lowest since Feb. 7, as the dollar rose against the euro, while OPEC chief Khelil said the price slide will continue next year.