Crude oil falls below $125, Saudi supply fears ease

Source: Reuters

Crude oil futures slipped below $125 a barrel on Friday, after surging 5 percent to an 11-month high a day earlier, as fears of a supply disruption from Saudi Arabia eased, calming investors who now expect oil demand to fall in coming weeks.

Oil prices soared on Thursday after an Iranian media report of a pipeline fire in top exporter Saudi Arabia, although prices later dipped back after CNBC cited a Saudi oil official saying the report was untrue. To read the full article, click here.

Category: All, Public (Free)

Posted March 2, 2012 by CH.

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Crude oil falls below $125, Saudi supply fears ease

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