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US Gasoline Price: 10% Drop in Two Weeks? (Guest Post)

By Bob van der Valk The market bounced back from steep lows last Friday putting crude oil prices back on track up to the $100 a barrel mark. Crude oil managed a strong rebound even as the US dollar showed strength. June WTI traded as low as $95.99 and bounced back $3.50 to expire at the $99.49 a barrel level gaining $1.05 a barrel. The $96 a barrel was reached at one point as the US dollar rose with big money investors worried about the outlook for global growth and the financial health of countries in Europe.
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