2 hours ago LONDON — Oil prices eased on Friday after soaring on news that key energy consumer the United States has emerged from a long and painful recession.
New York's main contract, light sweet crude for December delivery, slid 16 cents to 79.71 dollars a barrel, after touching 80.21 dollars in earlier Asian trade. Oil rebounded sharply on Thursday as traders welcomed news that the US returned to economic growth in the third quarter after a year of contraction.
Full Story: Oil prices ease after surging on US growth data - AFP
New York's main contract, light sweet crude for December delivery, slid 16 cents to 79.71 dollars a barrel, after touching 80.21 dollars in earlier Asian trade. Oil rebounded sharply on Thursday as traders welcomed news that the US returned to economic growth in the third quarter after a year of contraction.
Full Story: Oil prices ease after surging on US growth data - AFP
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