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Commodities Briefing - Categorized | Oil, Price Watch more

U.S. oil holds at $35

Posted on 18 February 2009

From Reuters: U.S. oil prices were little changed at $35 a barrel on Wednesday after falling nearly 7 percent a day earlier on fresh concerns over the economy and sliding oil demand, which has caused inventories to bloat.

Global markets were roiled by fear that Eastern Europe’s battered economies would drag down Western banks, while oil traders braced for an eighth consecutive rise in weekly U.S. crude oil stock data….. Full Article: Source


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