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Oil retreats from record
- Tuesday, August 16 - 2005 at 07:51
Oil prices pulled back from record highs, but market volatility still remains as the US did not rule out using force against Iran over its decision to restart the country's nuclear energy programme. US light crude dropped $1.06 to $65.80 a barrel and London Brent was down $1.40 at $65.05.
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James McInerney, News EditorTuesday, August 16 - 2005 at 07:51 UAE local time (GMT+4)
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