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Oil prices down despite Middle East unrest

WORLD oil prices retreated from a major surge last week when key producer Saudi Arabia announced it had foiled a terrorist attack on its oil facilities.

Francine Pennington

Oil prices down despite Middle East unrest

New York’s West Texas Intermediate crude oil price was trading $2.60 lower yesterday, compared to Monday, at $US63.19 a barrel. Singapore’s Tapis oil price fall was less dramatic, with a barrel of oil...

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