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Why US Oil Prices Are So Out Of Sync With Global Crude
Jun. 13, 2011 05:31PM PST
Resource Investing News CNBC reports that traders believe that 2 percent slide in U.S. oil futures on Monday, is due the weakness in global economy.
CNBC reports that traders believe that 2 percent slide in U.S. oil futures on Monday, is due the weakness in global economy.
The market news is quoted as saying:
Brent crude and other U.S. grades of oil haven’t mirrored the plunge at all.