Benchmark crude for March delivery dipped to US$95.6 in electronic trading on the Nymex, while Brent crude dipped to US$117.6 on the ICE Futures exchange in London.
Market sentiments have been weigheed down by last week’s data which showed that US industrial production weakened and Europe remained mired in recession.
For more details on Economic concerns in USA and Europe keep oil prices below US$96 click here
Market sentiments have been weigheed down by last week’s data which showed that US industrial production weakened and Europe remained mired in recession.
For more details on Economic concerns in USA and Europe keep oil prices below US$96 click here
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