Oil Declines After U.S. Lawmakers Fail to Agree on Increasing Debt Ceiling

- July 25th, 2011

Bloomberg reports that Oil plunged for the first time in five days.

Bloomberg reports that Oil plunged for the first time in five days.

The market news is quoted as saying:

Crude for September delivery dropped 70 cents, or 0.7 percent, to $99.17 a barrel at 11:50 a.m. on the New York Mercantile Exchange.

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