Summary
Oil prices slid yesterday on expectations that more mild US weather will limit heating oil demand. US oil prices dropped 79 cents to $42.66 a barrel. London's International Petroleum Exchange (IPE) was shut for the bank holiday and will reopen today.
The winter has been unusually warm so far in the US North-east, the world's biggest heating oil market, and normal to above-normal temperatures are expected to prevail over the next few days.See the full content of this document
Extract
Milder Weather Weakens Oil Prices
'Weather has been the Achilles' heel of this market,' said John...
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