Summary
CONSUMERS worried about soaring oil prices received a double dose of good news yesterday, as benchmark crude prices fell sharply from Friday's high of dollars 40, while a new study showed that manufacturers are yet to pass on their rising fuel bills by hiking prices.
The price of a barrel of New York light crude slid to dollars 38.75 by late afternoon trade, down dollars 1.18 from Friday's 13- year peak of dollars 39.93. Brent crude slipped dollars 1.25 to dollars 35.75.See the full content of this document
Extract
Good News for Motorists As Oil Prices Fall From Recent High
The declines followed a public call from the Saudi Arabian oil minister, Ali Naimi, for OPEC to lift its pro...
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