Oil prices were mixed in Asian trade after Standard & Poor's downgrade of Italy's sovereign debt rating, which raised nervousness in the market. The US credit ratings firm cut Italy's sovereign debt rrating to "A/A-1" from a "A+/A-1+", because of weak economic growth and high government debt levels.
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Wednesday, September 21, 2011
S&P downgrades Italy’s sovereign debt rating: crude dips on the Nymex
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