Wednesday, June 06, 2012

Oil plunges to lowest levels since October 2011

Signs of an economic slowdown in the US and China have pulled down oil prices further, plunging them to US$81.50 a barrel on the Nymex- the lowest price since October 7. Brent futures dropped 2.3% to the lowest intra- day price since October 6, extending last week's 8.

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