Oil prices drop below US$59 a barrelCommodities strategist doesn’t see anything that could push prices either way; upside pressure potential ‘quite limited right now’ Gillian Wong Associated Press Writer
Oil prices fell Feb. 21 as traders anticipated a decline in fuel demand after forecasts of warmer-than-average weather in the United States.
Light, sweet crude for April delivery lost 52 cents to US$58.33 a barrel in Asian electronic trading on the New York Mercantile Exchange mid-afternoon in Sing....
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Cold February boosted prices
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