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Oil prices slide as dollar strengthens
Oil prices slumped on Monday, with New York crude striking five-month lows, as the dollar strengthened against the euro on mounting worries over Europe’s debt crisis, traders said. New York’s main contract West Texas Intermediate crude for delivery in June was down $1.99 at $94.14 a barrel. Earlier Monday it hit $93.65 an ounce —…
Oil drops after Fed douses stimulus hopes
World oil prices slid on Wednesday after the Federal Reservepoured cold water on hopes of more monetary stimulus, while traders awaited the latest snapshot of US crude inventories. New York’s main contract, West Texas Intermediate crude for delivery in May, dropped 66 cents to $103.35 a barrel. Brent North Sea crude for May lost 24 cents…
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