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Oil drops under $60
- Tuesday, October 25 - 2005 at 07:24
Oil slipped below $60 a barrel yesterday as Hurricane Wilma missed US oil and gas facilities in the Gulf of Mexico. US light crude dropped $1.08 to $59.55. London Brent lost 99 cents to $57.49 a barrel. Some analysts predict the price of crude could push back up on higher demand as the northern hemisphere winter begins to bite.
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