Oil prices fell on Thursday on profit-taking after a freezing winter across the northern hemisphere helped push them to 14-month high points overnight, analysts said.New York's main futures contract, light sweet crude for February delivery shed 35 cents to 82.83 dollars a barrel.The US benchmark oil rose to an intraday peak of 83.52 dollars on Wednesday, its highest price since October 9, 2008.Brent North Sea crude for February delivery fell 38 cents to 81.51 dollars in London trading early on Thursday.
World oil prices dipped below 77 dollars on Thursday when trading was dampened by falling stock markets and persistent worries about the global economic outlook, analysts said.Brent North Sea crude for delivery in September sank 86 cents to 76.78 dollars a barrel in early afternoon London trade.New York's main contract, light sweet crude for delivery in September, dropped 77 cents to 77.25 dollars.
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Stocks got hammered yesterday morning. And it opened up a huge trading opportunity for you today.
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