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World crude falls Thursday, may recover Friday
2008-10-03 07:52:21

World crude prices fell further to $91.07 per barrel for Brent on Thursday against $92.52 the previous day but were likely to gain on Friday after the US House (parliament) voted to support a revised bailout package to revive a string of failed financial institutions, officials said in Colombo earlier on Friday.

According to the Central Bank, which releases indicative rates of global crude prices pegged to the Brent and OPEC baskets, the OPEC basket fell to $89.99 from $94.05 on Wednesday.

In the Singapore Refined Products market on Tuesday, petrol was trading at $96.70, diesel at $111.13 and kerosene at 111.13.
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