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$67 Oil Drags Market Lower |
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Author: 123jump.com Staff
123jump.com
Last Update: 8:12 PM ET August 24 2005
Another day another reason to take oil higher. Petroleum invetory report from the Energy Department suggested lower gasoline inventories and impendiing tropical storm in the Gulf of Mexico gave enough reasons to oil to trade higher than $67 per barrel. On earnings front BHP Billiton historic profit and revenue but cautioned that company will use capital for business growth than share with investors. |
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