Crude on the Nymex plunged to US$81.07 a barrel- to 8 month lows as market euphoria faded over a bailout deal for Spanish banks. Additionally, OPEC maintains its demand forecast and expectations of an increase in production quotas by OPEC at a meeting in Vienna this week also pressured prices. Brent North Sea crude for July dipped to US$97.5 in London midday deals.
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14-Jun-12 
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