Oil Dropped 9 Cents as Inventories Slipped

Bloomberg reported that oil dropped 9 cents after reports suggested that inventories slipped 1.8 million barrels last week.

As quoted in the market news:

Oil for July delivery was at $84.20 a barrel, down 9 cents, in electronic trading on the New York Mercantile Exchange at 9:06 a.m. Sydney time

Click here to read the full Bloomberg report.