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Saturday, October 24, 2009

Oil falls below USD 81 as dollar rises

Reuters reported that oil slipped below USD 81 as a stronger dollar encouraged investors to lock into profits from a 12 month high hit the previous day.

As per report, US crude oil futures fell 68 cents to USD 80.69 per barrel by 1359 GMT having dipped as low as USD 79.90. London Brent

http://www.steelguru.com/news/index/2009/10/24/MTE3NDg5/Oil_falls_below_USD_81_as_dollar_rises.html

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