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Oil prices now at $71

Posted by admin in News on October 23rd, 2008
October 23rd, 2008

World oil prices weakened in Asian trade on Wednesday on renewed worries about energy demand in the face of slowing global growth. New York’s main contract, light sweet crude for December delivery, fell $1.05 to $71.13 a barrel from its close of $72.18 in the US on Tuesday. The contract for November expired on Tuesday, closing at $70.89, reported the The Straits Times.