Oil Prices Caught Between Two Trends

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"Europe faces debt problems that could slow its economy, while developing nations are on track to boost oil demand to a record."

Bloomberg, Chris Kahn

Oil prices are caught between two competing trends in the world economy: Europe faces debt problems that could slow its economy, while developing nations are on track to boost oil demand to a record this year.

Benchmark U.S. crude rose $0.63 to $87.87 per barrel in New York on Monday while Brent, which is traded in London and used to price many international varieties of oil, fell $0.17 to $112.60. . .View full article

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