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Page added on August 8, 2007

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U.S. economic worries may not spell oil, commod crash

Growing U.S. economic concerns may send some speculative money in oil and other commodities to the sidelines but strong fundamentals should keep prices from sliding too far.

U.S. oil prices have tumbled around 8 percent since hitting a record last Wednesday as concerns about a mortgage crisis in the world’s top economy rattled credit and stock markets.

Reuters



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