Oil falls by more than $1 to below $112

Reuters
Posted: Tuesday, Aug 19, 2008 at 0945 hrs IST
Updated: Tuesday, Aug 19, 2008 at 0945 hrs IST

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Oil rises to $117 on Russia-US tension Fall in oil likely to be moderate: ICRA 'Supply crunch may bring $200 oil in 5-10 yrs'

Singapore, August 19: : Oil fell by more than $1 to below $112 a barrel on Tuesday as a weak economic outlook in the US weighed on prices.

US crude futures were down $1.05 to $111.82 a barrel at 0358 GMT, as mortgage woes and anxiety over job cuts in the US dampened sentiment.

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Oil falls by more than $1 to below $112

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