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Keyword: northeastwinter

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  • Crude Oil Futures Fall ($56.79/bbl)

    11/29/2005 2:15:33 AM PST · by RWR8189 · 18 replies · 772+ views
    Associated Press ^ | November 29, 2005 | Gillian Wong
    SINGAPORE (AP) -- Crude oil futures fell Tuesday as unseasonably mild weather along the U.S. East Coast spurred hopes that this year's Northern Hemisphere winter could be warmer than expected, weakening demand for heating fuel. Light, sweet crude for January delivery on the New York Mercantile Exchange lost 34 cents to US$57.02 a barrel in Asian electronic trading. The contract fell US$1.36 to settle at US$57.35 a barrel Monday. In London, January Brent fell 53 cents to US$54.35 per barrel on the ICE Futures exchange. In recent weeks, the market has been fixated on weather patterns in the northeastern U.S.,...