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Oil Prices Fall Below $66 a Barrel

Oil prices pulled back as investors sold contracts before their expiration Tuesday, and before the government's weekly inventory report, the Associated Press reports.
News of a partial oil production shutdown in Alaska and a government report predicting a busy hurricane season failed to boost prices, AP reports.
The June contract for light, sweet crude, which expires Tuesday, fell 86 cents to $65.41 a barrel in afternoon trading on the New York Mercantile Exchange. The July contract also dropped 88 cents to $65.99 a barrel.

Posted by   at 2:31 PM to Oil | Permalink

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