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Commodities Briefing - Categorized | Oil, Price Watch more

Crude oil trades near $77 after gaining on easing Dubai concern

Posted on 01 December 2009

From Bloomberg: Crude oil traded near $77 a barrel after rising yesterday as traders bought back futures contracts amid speculation credit losses in Dubai won’t derail the global economic recovery.

Oil advanced 1.6 percent yesterday after the Institute for Supply Management-Chicago Inc. said its business barometer climbed to 56.1, the highest level since August 2008…………………………….Full Article: Source

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