Thursday, December 13, 2007

Oil prices dip after yesterday's 5% jump

Light, sweet crude for January delivery dipped to US$94.13 a barrel in Asian electronic trading by late morning in Singapore. The Nymex crude contract gained US$4.37 on Wednesday to settle at US$94.39 a barrel. In London, January Brent crude dipped to US$93.50 a barrel on the ICE Futures exchange.

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