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Light sweet crude heads back toward record level

LONDON (MarketWatch) — Light sweet crude prices moved back towards record highs on Thursday. The contract was recently up $1.18 to $112.08 a barrel in electronic trading, almost at Wednesday’s intraday record of $112.21 a barrel. The contract also closed at a new record of $110.87 a barrel on Wednesday, with the price move fueled by U.S. government data that showed a surprising drop in U.S. inventories.
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Original post by Forextvblog

This entry was posted on Thursday, April 10th, 2008 at 6:06 am and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Light sweet crude heads back toward record level”

  1. Light sweet crude heads back toward record level Says:
    April 10th, 2008 at 6:35 am

    […] TopForex.info wrote an interesting post today onHere’s a quick excerptLight sweet crude heads back toward record level April 10th, 2008 LONDON (MarketWatch) — Light sweet crude prices moved back towards record highs on Thursday. The contract was recently up $1.18 to $112.08 a barrel in electronic trading, almost at Wednesday’s intraday record of $112.21 a barrel. The contract also closed at a new record of $110.87 a barrel on Wednesday, with the price move fueled by U.S. government data that showed a surprising drop in U.S. inventories. Market Pulse Stories […]

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