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    market news

    Oil Dropped 9 Cents as Inventories Slipped

    Investing News Network
    Jun. 05, 2012 06:21PM PST
    Oil and Gas Investing

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

    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.

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