Light, sweet crude for July delivery settled at US$66.9 in New York- the lowest closing price since June 3. Monday witnessed a very sharp drop in oil prices as investors ponder over the weak outlook ffor the global economy, despite supply concerns caused by continuing political unrest in Iran and militant attacks on oil installations in Nigeria.
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Thursday, June 25, 2009
Oil prices at 2 week lows as investors focus on weak outlook for the global economy
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