New Developments Abroad: Oil Price Drop Extended
July 23, 2008
Oil prices fell another 1.9% to $125.95/barrel overnight, extending their decline since the July 11 peak to 14.5%. Gold dropped 1.5% to $934.70/ounce. The dollar is higher except for a 0.2% dip against sterling. Gains range from 1.0% versus the kiwi to 0.7% against the Aussie dollar, 0.3% relative to the yen, euro and Swissy, and [...]
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