Bloomberg reported that oil dropped 82 cents after Spain’s economy declined in the first quarter.
As quoted in the market news:
Crude oil for June delivery declined 82 cents, or 0.8 percent, to $104.11 a barrel at 11:35 a.m. on the New York Mercantile Exchange. Prices are up 1.1 percent this month and 5.3 percent this year.
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