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Friday, May 29, 2009

Crude Tests $65/bbl, Hits 6-Month High

veer on Friday, May 29, 2009 |


Crude shot up to near a six-month high of USD 65 per barrel as the Organization of Petroleum Exporting Countries (OPEC) left production quotas unchanged and a report showed that that crude inventories were pared down by 5.413 million barrels last week. In after hours trading, crude was trading at USD 64.77 per barrel.


source: MC

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