Oil prices recoiled after dipping on Monday. Monday saw crude oil prices tumble by US$2.77 to settle at US$61.51 as Iran resolved a political turmoil with the West by discharging 15 British sailors and marines which had held for 13 days for purportedly entering its waters. This dip in prices came after a gap of over 2 weeks, after oil prices witnessed a more than US$5 jump on 23rd March. Prices are estimated to stabilize between US$61-US$63.
10-Apr-07 
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