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Commodities Briefing - Categorized | Oil, Price Watch more

Oil price up over petrol demand

Posted on 05 March 2009

From BBC: Oil prices have risen nearly 9% after the US government reported an unexpected drop in crude stocks and an increase in demand for petrol. Prices were also supported by a rise in China’s manufacturing index. China is the second biggest oil consumer.

US light crude rose by $3.73 to $45.38. Brent crude added $2.42 to $46.12. …. Full Article: Source


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