Oil Prices Decline as Dollar Gains

Oil prices continued a two-day slide dropping 60 cents to $81.61 a barrel while the dollar rose by 0.3 percent against a basket of currencies. The market is also awaiting the minutes of the FOMC meeting on September 21 for indications on the likely extent of a widely awaited second round of quantitative easing in the United States, commonly referred to as “QE2”.

Source: Reuters

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