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Bloomberg reported that oil dropped 11 cents to $83.21 a barrel after OPEC cut production in May.
Bloomberg reported that oil dropped 11 cents to $83.21 a barrel after OPEC cut production in May.
As quoted in the market news:
Oil for July delivery was at $83.21 a barrel, down 11 cents, in electronic trading on the New York Mercantile Exchange at 9:40 a.m. Sydney time.