Oil prices fall down again

Note: This section contains information in English only.
Source: Bloomberg
South Korea's interest rates cut, Australia's rising unemployment and stagnating manufacturing in Europe has lead to a fall in oil prices. August-delivery crude oil lost USD 0.68 and and was trading at USD 85.13 a barrel on the Mercantile Exchange in New York. The the contracted gained USD 1.90 yesterday reaching the highest close (USD 85.81) for the last three days. Brent oil for August-delivery declined by 0.7% to USD 99.5 a barrel on ICE Futures Europe exchange in London. Strategists predict oil to trade between USD 81.50 and USD 88.50 a barrel in near term.

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