Oil prices hit new lows for 2011, againFrom three-year high in May, driven by Middle East tensions, prices drop as markets spooked by possible European financial crisis Chris Kahn Associated Press Energy Writer
Oil prices can’t find a leg to stand on. Many of the key factors that drove oil to three-year highs in May — fears of growing Middle East tensions, rising Chinese demand, bullish views from investment banks and expectations of an aggressive U.S. stimulus plan — have been diminished.
Meanwhile, a lo....
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