Thursday, December 17, 2009

Crude prices dip for ninth straight session

Falling to its lowest level in over two months; light, sweet crude for January delivery dipped to US$69.5 on the Nymex while Brent crude on the ICE futures inched up to US$71.8. Oil fell for the ninthh consecutive day despite gains in equity markets and a lower dollar as growing concerns over crammed US oil inventories persisted.

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