Monday, August 1, 2011

July 2011 Monthly Average Crude Oil Price

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The monthly average U.S.-dollar price of West Texas Intermediate crude oil eked out a slight gain, rising by $0.90 (0.9 percent) to $97.19 per barrel. That gain coincided with a weaker dollar and a modest drop-off in crude stocks during July, but occurred despite a decrease in consumption of 250,000 barrels per day (BPD) -- to 18.4 million BPD -- during May.
 
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