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Oil prices fall to $71 in opening trade

Oil prices fell to near $71 a barrel today in Asia, giving up part of the previous day"s big gains, as the US dollar rebounded. Benchmark crude for November delivery was down 49 cents at $71.20 by midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract added $2.12 to settle at $71.69 yesterday. "There hasn"t been a strong signal that the economy is recovering," Chu said. "There are still job losses every month."


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