Dipping below US$72, crude oil prices seem set to fall for a consecutive session after release of negative economic data that showed that manufacturing growth fell across the globe in May. These downnbeat figures coupled with falling European equities and the euro's slide has fuelled worries about the impact of the European debt crisis on global fuel demand recovery that is still viewed as delicate by many.
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Friday, June 04, 2010
Oil prices dip to levels below US$72 as manufacturing growth in May falls globally
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