Monday, July 16, 2012

Slowing global economic growth pulls down oil prices to near US$85 a barrel in Asia

Oil fell to near $85 on Thursday as signs of slowing global economic growth offset hopes that central banks will soon implement stimulus measures.
Benchmark oil for August delivery dipped to US$85.11 by late afternoon in Singapore in electronic trading on the Nymex, while in London, Brent crude for August delivery dipped to US$99.

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