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Monthly Archives: April 2009

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Oil Dropping Below:

admin April 28, 2009

Crude oil fell for a second day, dropping below $50 a barrel, on concern that the swine-flu outbreak will curtail travel and delay a recovery from the global recession. Oil declined as the World Health Organization raised its global pandemic alert to the highest since the warning system was adopted in 2005, saying the disease… Continue Reading »

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Investors Prop Up Oil:

admin April 17, 2009

Despite a steady drumbeat of poor financial news, investors continued to prop up oil prices Thursday, betting the global economy would turn around this year.Benchmark crude for May delivery rose 82 cents to $50.07 a barrel on the New York Mercantile Exchange. In London, Brent prices gained $1.21 at $53.00 a barrel on the ICE… Continue Reading »

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