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Entries from September 2008

Oil falls ahead of Opec

September 9th, 2008 · 1 Comment

Comments by chief producer Saudi Arabia that the market was “fairly well-balanced” was seen to suggest that output would be unchanged. US light, sweet crude for October fell $1.15, to $105.19. London Brent crude dropped $1.17 to $102.27. Prices have sunk from a record of more than $147 a barrel seen in July. Opec members [...]

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Tags: Finance · International · Money · Oil