Oil prices ease slightly
AFP, London
Oil prices traded just below record highs Friday towards the end of a rollercoaster week that saw New York crude futures pierce the psychological 50-dollar level for the first time as unrest in Nigeria stoked supply worries. Oil prices eased slightly Friday after Nigerian President Olusegun Obasanjo said his government was continuing to hold talks with rebel leaders from the Niger Delta and assured that a "rapprochement" was taking place. The price of light sweet crude for November delivery fell four cents to 49.60 dollars a barrel in pre-opening electronic trading on the New York Mercantile Exchange. In London the price of reference Brent North Sea crude oil for delivery in November lost eight cents to 46.30 dollars in early deals.
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