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Crude dips below $140/bbl

Published on Tue, Jul 08, 2008 at 19:50 , Updated at Tue, Jul 08, 2008 at 20:12
Source : CNBC-TV18

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Crude prices dropped almost USD 4 a barrel due to commodity selling amid fears of weakening global economy.

 

It had gained almost 50% this year. It is driven partly by tension over Iran’s nuclear programme and expectations that global supply will fail to keep pace with demand from fast growing Asian economies such as India and China.

 

The black gold is currently trading at USD 136.53 per barrel down USD 4.84 cents on the Nymex.

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Is indian economy collapsing????!!!!

-Q- If one is having an investment horizon of say one year or so, it is better and safer to keep the money in FDs....

in Economy - Sriman35 at 10-Oct-08 10:08

Is indian economy collapsing????!!!!

Dear marketman It seems to me that Indian economy is not collapsing. Now it is the big guys in Indian corporate ...

in Economy - aahoo at 10-Oct-08 10:05

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