President's Joy Eases Oil Prices

Summary


Oil prices eased back slightly from record levels yesterday after the president of Venezuela declared victory in a vote on his future.

The cost of a barrel of crude slipped back to $46.37 in New York from a record peak of $46.91 after Hugo Chavez said he had won a referendum to remain president.

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President's Joy Eases Oil Prices

There had been fears that, if he lost, workers loyal to him might ...

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