Crude on the Nymex plunged to US$81.07 a barrel- to 8 month lows as market euphoria faded over a bailout deal for Spanish banks. Additionally, OPEC maintains its demand forecast and expectations of ann increase in production quotas by OPEC at a meeting in Vienna this week also pressured prices.
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Monday, June 18, 2012
Crude on the Nymex at 8 month lows
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