Back to reality as demand continues to growFriday, 11 June 2004 Hayden Lilienthal
It seems the reprieve could be over after a week-long slump almost kept oil prices below the US$38 mark, down 12% from last week's record high of US$42.45 a barrel. As crude on NYMEX was back up 88 cents to close at US $38.43 a barrel, Brent North Sea crude oil for July delivery rose by 46 cents to US$35.75 dollars per barrel.
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