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Prices fall as hurricane and Chinese demand ease off

OIL prices ebbed and flowed this week following the menace of Hurricane Dennis, robust United States crude oil inventories and weaker forecast world energy demand.

Prices fall as hurricane and Chinese demand ease off

Oil prices plunged more than US$2 per barrel on the New York Mercantile Exchange on Thursday, with US futures for August delivery dropping US$2.21, to US$57.80 per barrel, which extended Wednesday’s US$0.61...

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