Sunday 24 June 2012

Oil alert as long, hot summer sets in - The National

Oil markets are expected to be at the forefront of investors' minds during the week ahead after the price of crude dropped to the lowest levels in two years last week.

Brent crude futures, which fell US$7 during the week to settle at $90.62 on Friday, dipped as low as $88.99 per barrel on Thursday.

The European benchmark has fallen by as much as $39.11 per barrel since prices peaked in February.

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