Thursday, October 28, 2010

Crude oil sees marginal dip on speculation of inventory rise in US on slowing fuel demand

Oil for December delivery dropped to US$81.8 in electronic trading on the New York Mercantile Exchange while Brent crude for December traded at US$83.4 on the ICE Futures Europe exchange in London. Prrices have dropped on speculation that slowing fuel demand will lead to a rise in inventories in USA.

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