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Commodities Briefing - Categorized | Oil, Price Watch more

Crude oil trades near $73 on signs of global economic recovery

Posted on 21 December 2009

From Bloomberg: Crude oil traded near $73 a barrel in New York after rising last week amid optimism global demand will increase as the world economy recovers from its worst recession since World War II.

Oil prices may gain this week on expectations that increasing fuel demand in the U.S., the world’s largest energy consumer, will reduce inventories, according to a Bloomberg News survey………………………………..Full Article: Source


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