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Crude Oil Trades Below $64 |
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9:00 AM EDT October 21 2005 |
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Crude oil kept trading below $60 a barrel, after reaching a four-month low yesterday. The decline is attributable to a huge increase in natural gas and gasoline stocks and lower fuel demand. Light sweet crude December contract dropped 39 cents to $59.63 a barrel, its lowest level since the end of July. London Brent crude lost 28 cents to $57.63. |
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