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Crude Futures * USA - Mark first close below $75 since August 2007
San Francisco,CAL,USA -MarketWatch, by Myra P. Saefong -Oct. 15, 2008: -- November crude fell $4.09, or 5.2%, to close at $74.54 per barrel Wednesday on the New York Mercantile Exchange... It was the first time a front-month contract closed below the $75 mark on Nymex since Aug. 31, 2007 as traders continued to show concerns over a slowdown in energy demand. "World demand is not willing to pay for high-priced crude oil right now so the market has to find an attractive price level," said Darin Newsom, DTN senior analyst. On Wednesday, that meant below $75, he said...
Labels: oil news worldwide
posted by Unknown @ 5:30 PM
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