Oil prices moved up to US$96 on expectations of a decline in US crude stockpiles for the seventh straight week. The report is expected to show U.S. crude stocks dip by 1.8 mln barrels. Light, sweet crude for February delivery gained rose to US$96.37 a barrel in Asian electronic trading on the New York Mercantile Exchange by late morning in Singapore.
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Thursday, January 03, 2008
Oil prices spike above US$96 on expectations of crude inventory decline in ...
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