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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices waver lower as OPEC cuts its global demand forecast for this year and 2012

Posted on 12 October 2011

Oil prices wavered Tuesday after OPEC cut its estimate for world oil demand for this year and said it expects no growth in demand for 2012.
After falling in early trading, benchmark crude rose 40 cents to finish at $85.81 per barrel in New York. Brent crude, used to price many international kids of oil, rose $1.40 to end at $108.05 a barrel in London……………………………………….Full Article: Source


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