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    • Crude oil at 113 dollars

    Crude oil prices crashed further to 113 dollars yesterday in spite of reports that Russia Georgia fight is intensifying and some gas pipelines have been shut. Also reports that Turkey is facing some problem with one of their oil pipelines failed to have an impact. Instead the strengthening dollar and fears of a drop in global demand put downward pressure on crude prices.

    Posted on Tuesday, August 12th, 2008 at 9:34 am in the category:General. Comment RSS 2.0 feed. Comment it , or trackback this post.

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