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Old 11-11-2009, 13:51
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Default Oil

A weaker dollar trumped a report showing a rise in US oil inventories pushing oil up to near $80 a barrel. Analysts say that the price of oil currently isn't trading on supply and demand but rather based on global stock markets and the fluctuation in the dollar.
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Old 15-11-2009, 15:22
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Crude oil was down to a one-month low. Consumer confidence was down and investors presume that this is a precursor for diminished oil usage. Even though there has been positive economic news over the last few weeks, the Energy Department reported last week that fuel consumption slipped to the lowest level since June. Oil prices are up 71% this year.
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