Oil Drops 11 Cents
Business Week reported that oil dropped 11 cents to end at at $88.80 a barrel.
As quoted in the market news:
Brent crude for September settlement was at $105.95, down 1 cent, on the London-based ICE Futures Europe exchange. The European benchmark’s premium to West Texas Intermediate was at $17.15, up from $17.05 yesterday, the widest since May.
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