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 Oil Prices Fall Below $90 A Barrel
IVXX
Posted: Nov 30 2007, 09:59 AM


MDCCLXXVI


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Posts: 5,109
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Traders eye OPEC meeting, signs of slowing U.S. economy

NEW YORK - Oil prices fell Friday on expectations that OPEC will increase output next week and on fading concerns of a supply disruption from a U.S. pipeline fire.

Light, sweet crude for January delivery fell $1.55 to $89.46 a barrel in electronic trading on the New York Mercantile Exchange by midday in Europe. On Thursday, the crude contract gained 39 cents to settle at $91.01 a barrel in choppy trade.


Whole story at MSNBC.com

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