PREMIUM FEATURES

Oil swings on economic, inventory news

THE oil rally earlier this week was short lived with prices trading near their lowest level in a month after more disappointing US economic data and the highest inventories in almost 20 years.

Marija Stojkovic

New York's Western Texas Intermediate settled down $US1 to $US74.43 a barrel, the lowest price since July 7. Singapore's Tapis, however, bucked the trend to close $US1.89 higher at $US84.68/bbl. Oil...

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