Data released mid week showing surging crude stockpiles in USA, at almost twice the expected levels, is an indication of weak energy demand in USA. This report has spiked taken crude oil prices in Neww York to US$34 a barrel, currently hovering near five-year lows of US$32.
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Monday, February 16, 2009
At US$34, oil prices in New York dip to hover around five-year lows
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