Oil prices are falling back to levels not seen since the end of October, sharply reducing the risk of oil hitting $100 a barrel. Prices slipped below $87 a barrel today as increasing stocks of oil in the US supported Opec’s decision not to change output levels this winter. US crude futures dipped 54 cents to $86.95 this morning, after falling for the third consecutive day. US oil prices have fallen more than 12 per cent below the record of $99.29 on November 21. London Brent crude fell 49 cents to $88.00. Full Story
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