Oil prices fluctuate after last week's slide »
Posted By STONERS 4 months, 4 weeks ago in Business & FinanceOil prices wavered Monday, falling below $115 as traders monitored fighting between Russia and Georgia that could potentially disrupt supplies. Buying was limited as the dollar extended its advance against the euro.
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STONERS4 months, 4 weeks ago
"The market's still kind of reeling," said Darin Newsom, senior analyst at DTN in Omaha, Neb. He said the recent drop in crude attracted a bit of buying Monday, particularly as many traders focused on the Russia-Georgia conflict. But, he said, more signs of economic slowdown could take prices back below $100 a barrel — a level not seen since early April."
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