Bank Of Baku

Oil rose $4 this week

Oil rose $4 this week
# 27 September 2008 09:18 (UTC +04:00)
Baku. Vugar Mustafayev - APA-Economics. Oil prices retreated Friday as the largest bank failure in the nation’s history and uncertainty about the fate of the $700 billion bailout raised fresh concerns about the economy.
Oil fell $1.13 to settle at $106.89 a barrel. On Thursday, crude futures for November delivery settled up $2.29 to $108.02 as the oil market focused on the way that the bailout plan would work to devalue the dollar.
In London, November Brent crude fell $2.21 to $102.39 a barrel on the ICE Futures exchange.
Oil prices went up $4 this week.
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