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Crude Oil Falls On Profit Taking |
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1:48 PM EST November 10 2006 |
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Crude oil retreated as investors turned to profit taking and the IEA cut its 2006 global oil outlook. Crude oil December contract fell $1.06 to $60.10 a barrel. Heating oil slipped 3 cents to $1.7161 a gallon, while gasoline lost 3 cents to $1.5695. Natural gas futures slipped 22 cents to $7.735 per 1,000 cubic feet. |
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