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Commodities Briefing - Categorized | Oil, Price Watch more

Oil falls despite cold spell in Europe

Posted on 03 February 2009

From FT: Oil prices fell on Monday, leading a broader retreat in commodities prices, as fresh economic indicators from China, Japan, the US and Europe painted a gloomy picture for short-term raw materials demand.

The return of Chinese traders after last week’s new year celebrations brought further selling, particularly in gold and base metals, as they adjusted their position to lower prices in New York, and London, traders said….. Full Article: Source


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