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World crude falls below $100
2008-09-30 07:47:14

World crude prices fell to $98.72 per barrel on Monday, below the $100 barrier for the first time in a week, the Central Bank said. It was pegged at $100.82 on Friday and $99 a week ago (Monday, September 22). The OPEC basket was trading at $97.90 against $97.68 on Friday.

However US crude prices fell sharply by $10 per barrel – likely to reflected in Tuesday’s indicative price to be announced by the Central Bank --, following the rejection by the US Congress of a $700 billion bailout package for the collapse of several US financial institutions.

In the Singapore Refined Products market on Monday, petrol was trading at $106 per barrel, diesel at $121.15 and kerosene at 120.20.

The Central Bank says the information provided on a daily basis are indicative prices which may change during the day.
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