Crude Oil Declines in New York, Giving Up Earlier Advance of 1.6%

Bloomberg reports that crude oil futures dropped.

The market news is quoted as saying:

Crude oil futures declined, giving up an earlier gain of 1.6 percent. Crude for August delivery fell 45 cents, or 0.5 percent, to $97.05 a barrel at 12:58 p.m. on the New York Mercantile Exchange.

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