Sigh of relief for industry as oil prices fall

UK industry breathed a sigh of relief today after oil prices recorded their heaviest fall in a single session since 2001.

Sigh of relief for industry as oil prices fall
Thu, 02 Dec, 2004 - 16:15

UK industry breathed a sigh of relief today after oil prices recorded their heaviest fall in a single session since 2001.

Diminishing fears of a supply crunch over winter pushed the cost of a barrel of light, sweet crude oil down from 49 US dollars to 45.47 US dollars.

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