Oil Drops 61 Cents

Business Week reported that oil fell 61 cents to end at $87.05 a barrel.

As quoted in the market news:

Crude for August delivery dropped 61 cents, or 0.7 percent, to $87.05 a barrel at the end of electronic trading on the New York Mercantile Exchange at 1:15 p.m.

Click here to read the full Business Week report.