Oil dropped towards $106 as U.S. dollar rallied

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Source: Reuters

On Friday, July 20, oil dropped to a $106 level per barrel as the greenback rallied on hopes of another quantitative easing in the U.S and as tension in the Iran is getting worse.  Brent crude tumbled $1.58 at $106.22 per barrel, while oil futures for August delivery declined $1.47 cents to $91.19 per barrel.

 
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Mon, 23 Jul 2012 10:11:29 GMT

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