Oil Drops 1.4 Percent

- January 5th, 2012

Bloomberg reported that oil declined after U.S. inventories gained and borrowing costs in France rose.

Bloomberg reported that oil declined after U.S. inventories gained and borrowing costs in France rose.

As quoted in the market news:

Oil dropped 1.4 percent, slipping $1.49 in the last 40 minutes of floor trading, after the Energy Department said supplies rose 2.21 million barrels last week.

Click here to read the full Bloomberg report.

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