Sunday, September 19, 2010

Completion of repairs to key oil pipeline from Canada to USA brings down oil

New York's main contract, light sweet crude for delivery in October has fallen by over a dollar to US$75.5, while Brent North Sea crude has settled at US$78.7. News of repairs to the key Line 6A Canaddian-US pipeline nearing completion has brought down oil prices amid weak manufacturing figures.

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