Oil takes a dive

Oil fell to $65 yesterday to reverse earlier gains, pressured by concerns demand might continue to weaken as the US economy shrank in the third quarter.

Oil fell to $65 yesterday to reverse earlier gains, pressured by concerns demand might continue to weaken as the US economy shrank in the third quarter.

US crude slipped by more than $2 and it was trading $1,85 lower at $65,65 a barrel yesterday.

London Brent crude was down by $1,83 at $62,91. - Reuters

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