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Oil futures close lower as pressure from last week's double-digit percentage gains keeps prices below $100, but prices ended the month higher.
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Oil prices fell below $97 per barrel Monday just days after spiking above $100. Last week's surge continued to ripple through global pipelines, however, as gasoline prices jumped 8 cents over the weekend.
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Assessing Commodity Shock
Posted On Monday, 28 Feb 2011 By admin. Under futures trading
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Oil prices eased Monday, retreating from recent highs, as investors continue to monitor the political movement in North African and the Middle East.
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