Oil prices slump to six month lows in New York

25-May-12
Oil prices slumped to under US$90- a six-month low in New York as the dollar rallied on eurozone debt tensions. Amid mounting concerns of the outlook for the eurozone, investors seek the relative safety of the greenback. Brent North Sea crude for July fell by almost three dollars to US$105.56 a barrel in late London deals.
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