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Monday, July 6, 2009
Oil Plunges Below $64 on Fears Recovery May Lag
Oil prices plunged nearly $3 to below $64 a barrel Monday as dismal unemployment figures from the U.S. and Europe last week sparked investor doubts about any nascent economic recovery. A significant fall in natural gas prices - a likely sign that industries are still struggling and unlikely to add jobs - as well as gains by the U.S. dollar and falling stock markets around the world all helped push energy prices lower.....Complete Story
Labels:
Crude Oil,
inventories,
investor,
U.S. Dollar,
unemployment
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