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Oil Has No Lasting Impact on Global Economy, Analysts Say

Oil Has No Lasting Impact on Global Economy, Analysts Say

Analysts said Monday that the increase in oil prices will have no lasting impact on the global economy recovery, thus expecting the latter to be sustained. Light, sweet crude slightly dropped 42 cents to settle at $112.37 a barrel at late afternoon Singapore time in a global electronic trading session on the New York Mercantile [...]

April 11th, 2011 | Filed under Business | Read More »

Oil Gains as US Crude Inventories Drop

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Oil futures gained Thursday in Asia after a decline in US crude stockpile, which may suggest a recovering demand. At midday Singapore time, Benchmark oil for January settlement fell 14 cents to $88.48 a barrel in an electronic trading on the New York Mercantile Exchange. The contract rose 34 cents to settle at $88.62. Meanwhile, [...]

December 16th, 2010 | Filed under Business | Read More »