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Commodities Briefing - Categorized | Commentaries, Oil, Price Watch more

Oil prices dip on new economic fears

Posted on 29 April 2009

From Petroleum-economist.com: Crude oil prices fell beneath $50 a barrel again on Tuesday, as pessimism about a recovery in the global economy pushed bulls out of commodity and equity markets across the world.

In London, the forward-month Brent contract was down by more than 2% on Tuesday afternoon, trading at around $49.20/b. The price for the June contract for light sweet crude oil in New York was also just over $49/b……Full Article: Source


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