November 5, 2007

Oil prices retreat on US demand concerns, profit taking (AFP)

World oil prices fell further from recent record peaks as traders took profits.  World oil prices fell Monday amid heightened concerns about US economic weakness that could curb demand and as investors took profits from a run of recent record peaks.(AFP/File/Behrouz Mehri)AFP – World oil prices fell Monday amid heightened concerns about US economic weakness that could curb demand and as investors took profits from a run of recent record peaks.

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