Wednesday, December 02, 2009

Crude oil plunges to six week lows as Dubai crisis unveils

Light, sweet crude for January delivery plunged by over four dollars to US$73.7 on the Nymex while Brent crude on the ICE futures exchange settled at US$75.3. Crude oil futures have plunged to six weeek lows as the Dubai crisis unveiled over the weekend.

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