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Saturday, October 3, 2009

Crude oil continues sliding

Crude oil continued to fall as the ongoing financial turmoil and economic slowdown exacerbated concerns that energy demand would drop.ight, sweet crude for November delivery fell 4.56 U.S. dollars to settle at 93.97 dollars a barrel on the New York Mercantile Exchange. The dollar gained strongly against the euro on Thursday, which also helped to push down the oil prices.In London, Brent crude for November delivery dropped 4.80 dollars to 90.53 dollars a barrel on the ICE Futures Exchange.

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