Saturday, November 21, 2009

Oil prices dip as inventories stay high in the US

Oil prices dropped Friday and were likely to stay under USD 80 because of high energy inventories in the United States, the biggest energy-consuming nation in the world, said analysts.

New York's main contract, light sweet crude for December delivery, fell 75 cents to USD 76.71 a barrel after slumping by more than USD two Thursday. read more news.

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