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September 22, 2011

Brent crude prices rise following slide

Brent crude rose by 51¢ to stand at $106 a barrel today as investors stocked up following yesterday's drop, reports Reuters.

By Chris Lo

Brent crude rose by 51¢ to stand at $106 a barrel today as investors stocked up following yesterday’s drop, reports Reuters.

US crude posted its first weekly decline in five weeks as it dropped 7¢ to $80.44 a barrel.

Investors are awaiting new measures to be announced by the G20 finance ministers and central bankers to tackle the worsening global economic situation.

 

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