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Oil Prices Fall on Speculative Selling

Oil prices fell Monday, extending a decline prompted at the close of last week by news of a cooling U.S. job market, according to the Associated Press.

Light, sweet crude for September delivery fell $1.17 to $74.31 a barrel in electronic trading on the New York Mercantile Exchange, afternoon in Europe.

Posted by Peter C. T. Elsworth  at 10:23 AM to Oil | Permalink

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