Nov 9, 2010

Crude falls as China imports slump, dollar strengthens



Oil fell for a second day after China's crude imports tumbled last month and the dollar strengthened, suppressing the bullish effect of an unexpected drop in inventories in top consumer the United States.
U.S. crude for December CLc1 fell 51 cents to $86.21 a barrel by 0320 GMT, after reaching $87.63 on Tuesday, its highest price since October 2008.
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Source: Reuters

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