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30/05/2012 08:25 AST
Oil prices fell to near $90 a barrel Wednesday in Asia amid expectations Europe's sputtering economy will drag on global crude demand.
Benchmark oil for July delivery was down 38 cents to $90.38 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 10 cents to settle at $90.76 in New York on Tuesday.
Brent crude for July delivery was down 31 cents at $106.37 per barrel in London.
Crude has plunged 15 percent from four weeks ago on investor fears that political turmoil in Greece could trigger a chaotic exit of that country from the euro common currency.
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The Economic Times
Ticker | Price | Volume |
---|
(In US Dollar) | Change | Change(%) | |
---|---|---|---|
Brent | 68.51 | -0.34 | -0.49 |
WTI | 67.17 | -0.33 | -0.49 |
OPEC Basket | 69.85 | 0.06 | 0.09 |
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