Oil prices retreat due to economic concernsNews added by ProWEB Media on August 16, 2010
Gary Linnell

ProWEB Media

Joined: December 27, 2005

The price per barrel for oil this morning dipped amid concerns related to financial markets, housing and the global economy.

In fact, the cost of crude for September delivery dropped 18 cents, or 0.3 percent, to a figure of $75.19.

Finally, if the figure hovers near this level until closing, the cost of the commodity will be the lowest in five weeks.
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