NEW YORK, Nov 8: Oil prices closed mixed on Friday after striking 21-month lows as investors worried about deteriorating energy demand amid a global economic slowdown.
On the New York Mercantile Exchange, light sweet crude for delivery in December rose 27 cents to close at $60.04 a barrel.
The New York oil futures contract had lost nearly $10 in the last two sessions as reports from the US Energy Department and the International Energy Agency (IEA) highlighted falling energy demand amid the worldwide financial crisis.
The market is testing the lower end of the trading range that’s pretty much between $60 and $68, Kilduff said.—AFP
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