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Oil prices up 5% to $63
- Saudi Arabia: Saturday, March 18 - 2006 at 11:51
Oil futures closed just under $63 a barrel on Friday after Opec cut estimates for oil demand growth in 2006, but prices were still up nearly 5% for the week. Analysts said traders are now starting to worry more about demand destruction than about supply disruptions.
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Peter J. CooperSaturday, March 18 - 2006 at 11:51 UAE local time (GMT+4)
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