Crude ends lower but mood still upbeatSaudi official tells Dow Jones that Saudi Arabia and OPEC will fill any gap in supply that could stem from a U.S. military action against Iraq by The Associated Press
Crude oil futures posted modest losses Aug. 23, as traders ended an otherwise strong week with some light profit taking. “Considering the magnitude of the run-up, yesterday and today’s selloff was modest,” said Phil Flynn, an analyst at Alaron Trading Corp. in Chicago.
On the New York Mercantile E....
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Analysts claim $5 war premium
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