Tuesday, October 6, 2009

Oil Over $71 as Dollar Slips, Demand Forecast Raised

http://www.cnbc.com//id/33186182#

Oil prices rose above $71 per barrel on Tuesday as the dollar slipped against major currencies and after a U.S. government agency raised its forecast of world oil demand for the fourth quarter.
The dollar fell after a report in Britain's The Independent newspaper that Gulf Arab states were in talks to replace the U.S. unit with a basket of currencies for oil trading.

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