Oil prices fell Monday after a tropical depression in the Gulf of Mexico dispersed without causing damage to key oil and gas infrastructure. The tropical depression was feared to develop into a storm capable of damaging oil and gas installations in the Gulf of Mexico, but weakened over the weekend. Light, sweet crude for November delivery dipped to US$81.34 a barrel in Asian electronic trading on the New York Mercantile Exchange. November Brent crude dipped to US$78.90 a barrel on the ICE futures exchange in London.
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Monday, September 24, 2007
Oil prices dip to US$81.34 a barrel on dispersion of tropical depression in...
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