20-Aug-2010 12:10 PM
Oil falls back below USD75; oil and stock prices moving in tandem
Analysis
Oil prices fell below USD75/barrel this week, with the price of crude falling to its lowest level in five weeks, as equities fell and the US Energy Department reported that total US inventories of crude oil and petroleum products have climbed to their highest levels in 27 years, passing 1.13 billion barrels.
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