Monday, December 31, 2007

Crude oil closes 2007 with 57% price rise; gold gains 31% on year

Oil falls on home-sales data; up nearly 60% in 2007
Crude-oil futures fell on Monday for a second session after a report showed sales of existing U.S. homes fell 20% in the past year, stirring concerns that oil demand from the world's largest crude consumer may slow. Crude, however, ended the year up nearly 60%.

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