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Commodities Briefing - Categorized | Oil, Price Watch more

Oil hits $50 as Middle East conflict escalates

Posted on 07 January 2009

From FT: Oil prices hit the the $50 a barrel level on Tuesday amid escalating violence in the Middle East as fighting between Israel and Hamas showed little prospect of ending quickly.

Nymex February West Texas Intermediate fell 23 cents to $48.58 a barrel after touching a high of $50.04….. Full Article: Source


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