Oil hovers around US$99 on fluctuations in US dollar, concerns about global crude demand

23-May-11
Oil prices continue to linger around US$99 at the end of last week, reflecting changes in the value of the US dollar and concerns regarding global demand for crude. Crude settled at US$98.5 on the Nymex. In London, Brent crude for July delivery settled at US$111.1 on the ICE Futures exchange.
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