CRUDE OIL PRICES

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Brent crude oil futures open today's trading session hovering near $113 a barrel as an uncertain market takes some direction from the US dollar, which remains stronger on debt concerns in Europe.

Oil prices are indeed uncomfortably high, but they are not straining the U.S. economy, especially compared to the price activity of the past three years. Gasoline prices are indeed at record highs, but crude oil accounts for less than ...

The IEA move comes as an attempt to ease the effects of the recent loss of Libyan crude oil exports. One effect of the IEA move, it is hoped, will be a lowering of gasoline prices for consumers and businesses. (New York Financial Press ...


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