31 October 2006 19:34 [Source: ICIS news]
HOUSTON (ICIS news)--West Texas Intermediate (WTI) crude for December delivery on the New York Mercantile Exchange fell $1.31 to $57.05/bbl on Tuesday while Brent on the Intercontinental Exchange (ICE) lost $1.29 to $58.68, the lowest level so far this year.
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The market extended the sharp losses posted during the previous session in response to easing tensions in
This week’s supply statistics from the Department of Energy are forecast to show a build in crude stocks but a drawdown in distillates and gasoline inventories.
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