Saturday, August 8, 2009

Oil prices dip

World crude oil prices fell slightly on Wednesday as traders awaited the release of a widely-monitored US government report on the country's energy reserves.

New York's main contract, light sweet crude for September delivery retreated 48 cents to 70.94 dollars a barrel.

London Brent North Sea crude for September delivery was 30 cents weaker at 73.98 dollars.

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