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News Link • Economy - Economics USA

Oil Drops to Near $69 as Stock Markets, Euro Fall

• AP

Oil prices fell to near $69 a barrel Tuesday in Asia as plunging regional stock markets and a weaker euro rattled the confidence of commodity investors.

Benchmark crude for July delivery was down $1.08 to $69.13 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract advanced 17 cents to settle at $70.21 on Monday.

 

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