Oil prices down

Oil prices dipped below the 60 US dollars a barrel mark in New York today as fears over supply shortages eased.

Oil prices down
Fri, 21 Oct, 2005 - 14:02

Oil prices dipped below the 60 US dollars a barrel mark in New York today as fears over supply shortages eased.

Figures from the United States showing a rise in oil stocks contributed to the relief – leaving the cost of crude well below August’s record level of more than 70 US dollars a barrel.

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