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Oil Settles at 6-Week Low
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FBN’s Robert Gray on the decline in oil prices.
- Duration 0:56
- Date Sep 19, 2012
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FBN’s Robert Gray on the decline in oil prices.
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I'm Robert graduate you're Fox Business -- oil -- -- third straight day following a much larger than expected inventory build.
The Energy Department says crude stockpiles jumped eight a half million barrels last week.
Crude settled at 86 week low of 91 dollars 98 cents a barrel on the New York Mercantile Exchange.
On the upside shares of Adobe Systems on the rise ahead of the third quarter earnings report due out after the closing bell.
-- -- results widely seen as an indicator of the overall health of the software sector.
And a precursor for industry -- Oracle's earnings due out September 20.
And Bill Gates and Warren Buffett are first and second it topped the Forbes list of the wealthiest people in the US -- 812 straight year.
Gates is actually been first for nineteen straight years the other top spot in 2012 -- -- net worth.
I'm 66 billion dollars -- head of Berkshire Hathaway came in second with a net worth of just 46 billion bucks.