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Fall in oil prices

Thursday, 21 June 2012
The world price of oil fell after figures showed that U.S. oil inventories have risen. This comes as the US Federal reserve’s stimulus package was disappointing as investors interpreted it as too little to lift economic growth.

The price of American oil for delivery in August fell with a dollar to around 80 dollars a barrel. North Sea oil, Brent, fell by half a dollar to just over 92 dollars a barrel.
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