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Oil prices slide to less than $142 per barrel
Published on Tue, Jul 08, 2008 at 11:15 in Business section
Tags: Fuel Price Hike, Oil Crisis , New Delhi
FUEL FOR THOUGHT: Iran's flexibilty over N-programme indicates a further slump in prices.
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New Delhi: Oil prices have gone down to less than $142 dollars per barrel after the dollar gained against major currencies bringing some relief to the international market.
There are positive signals from Iran as well, the world's fourth largest oil exporter.
Iran now seems to be more flexible in negotiations on its nuclear programme. All this indicate a further slump in the oil prices in the coming few weeks.
Increase in oil prices to about 50 per cent earlier had raised concerns among the international community.
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