Tuesday, November 23, 2010

Oil slips as China's move to curb inflation raises concerns of a global economic slowdown

New York's main contract, light sweet crude for delivery in December fell to $US81.5 per barrel, while Brent North Sea crude dipped to $US84.3 in London. Oil prices have dropped towards end of last weeek on anticipation that China's latest move to curb soaring inflation raised concerns over a global economic slowdown.

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