Barbara
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Oil Drops, Global Slowdown Curbs Fuel Consumption - 2008/11/14 19:13
Be happy, traders! Friday is here and it is time to collect your weekly profits! I hope 
Crude oil fell, heading for a second weekly decline, as the global economic slowdown cut fuel demand in the largest energy-consuming countries.
Crude oil for December delivery dropped as much as $1.13, or 1.9 percent, to $57.11 a barrel on the New York Mercantile Exchange. It was at $57.79 a barrel at 11:27 a.m. London time. The contract earlier rose as much as 3 percent to $59.96 a barrel.
Prices have tumbled 61 percent from a record $147.27 on July 11. Oil is set to fall 5.5 percent this week.
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