Monday, August 16, 2010

Falling for fourth consecutive session, crude oil prices plunge by US$5 for the week

Falling for fourth consecutive session, crude oil prices have plunged by five dollars in the week to hover around US$75. Light, sweet crude for September delivery dipped to settle at US$75.3 on the Nyymex, while Brent crude on the ICE futures exchange fell to US$75.

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