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Oil falls as US refiners recover


Oil falls as US refiners recover


Oil prices continue to be volatile: first they rose over $100 a barrel as investors turned to commodities due to turbulence in the financial markets and reacted to supply disruptions caused by rebel attacks in Nigeria.

But prices later fell as US refiners made progress in restarting operations shut down by Hurricane Ike. Five of the 16 refineries closed by Ike are now working again.

Analysts said trading could remain volatile with supply and demand fundamentals being overridden by other factors.

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