Wednesday, May 14, 2008

Oil prices dip by over a dollar to settle at US$124

After rising by almost ten dollars last week, light crude dipped by US$1.70 in a day to settle at US$124.23 a barrel on the New York Mercantile Exchange. HSBC Holdings, the global banking company baseed in London, has reported that its Q1 profit was up from a year ago although it took a US$3.

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