Tuesday, July 08, 2008

Oil prices fall heavily as Iran tensions ease

07 Jul 2008
 
Oil prices fell sharply Monday in a move some traders attributed to an ease in geopolitical tensions related to Iran's nuclear program and a strengthening US dollar. New York's main oil futures contract, light sweet crude for August delivery, slumped a hefty 3.92 dollars to close at 141.37 dollars.
 

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