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Commodities Briefing - Categorized | Oil, Price Watch more

Oil inches lower near $40 on equities, inventories data

Posted on 05 February 2009

From Reuters: Oil inched down on Thursday, edging closer towards $40 a barrel as share prices continue to fall and U.S. crude inventories rise under the weight of an economic slowdown.

Crude stocks in the world’s top energy consumer jumped by 7.2 million barrels to an 18-month high last week, data from the U.S. Energy Information Administration showed….. Full Article: Source


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