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    Oil Heads for Biggest Weekly Decline

    Written by Investing News Network
    |
    Jun. 17, 2011 11:36AM PST

    Bloomberg reports that Oil fell its lowest level over the concern about the Greek debt crisis.

    Bloomberg reports that Oil fell its lowest level over the concern about the Greek debt crisis.

    The market news is quoted as saying:

    U.S. consumption of distillate fuel, which includes diesel and heating oil, tumbled 5.2 percent last week to the lowest since January, the Energy Department said on June 15.

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