RealNews

Oil price fall prompts call for petrol pump cuts

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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