No reprieve for oil

OIL prices fell to an eight-week low last night, settling under $US60 a barrel for a third day as demand worries continue to plague the market.

15 July 2009
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New York’s Western Texas Intermediate shed 7c to settle at $59.62/bbl despite reaching a high of $61.41/bbl earlier in the day, with gains in the stock market failing to prop up prices.

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