Sunday, December 09, 2012

Oil prices fall as US government report indicates surge in supplies of gasoline and dip in crude stockpiles

New York's main contract, West Texas Intermediate for delivery in January, closed at US$87.8 a barrel, while Brent North Sea crude for January fell by over a dollar to US$108.8 in London. Oil prices ffell after a weekly US government report showed a surge in supplies of gasoline and other products while crude stockpiles fell.




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