Oil Prices Start To Level Out
March 28, 2008
In the last session of trade, crude oil prices soared after reports of a bombing of a crucial oil export pipeline in Iraq. As more information regarding the bombing is released, fears over the extent of the damage have reduced and prices have begun to level out again.
Future orders for crude oil in May have reduced today by 0.98c, which brings the current price on the New York Mercantile Exchange to $106.60 per barrel.
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