Crude oil fell to US$70.60 in New York, While London Brent slipped to US$73.50. These miniscule losses have been in line with modest Wall Street losses on the eve of a meeting of the US Federal Reservve, and after OPEC's president termed current prices as "not bad", thus signalling that OPEC a signal is unlikely to cut output at a meeting next month.
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Wednesday, August 12, 2009
Oil prices dip to US$70 in line with losses on the Wall Street
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