As oil prices plunged, the dollar climbed to seven-week peaks against the euro and a major currency basket on Tuesday.
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Oil Continues Falling on Weak US Economy
Oil fell to a 3-month low on Wednesday, as lingering concerns of a weak US economy continued to weigh on demand
Oil fell to a 3-month low on Wednesday, as lingering concerns of a weak US economy continued to weigh on demand, but conflicts in Nigeria and Iran's nuclear dispute could counter the bearish effects.
US light crude fell 70 cents to $118.47 a barrel, its lowest since May 5, representing a drop of nearly 20 per cent from mid-July's record high at more than $147, while London Brent crude shed 65 cents to $117.05 a barrel.
As oil prices plunged, the dollar climbed to seven-week peaks against the euro and a major currency basket on Tuesday.
As oil prices plunged, the dollar climbed to seven-week peaks against the euro and a major currency basket on Tuesday.
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