Oil prices fell to near $104 a barrel Wednesday after a report showed U.S. crude supplies rose more than expected last week, suggesting rising fuel costs may be crimping demand. By early afternoon in Europe, benchmark crude for May delivery was down 47 cents to $104.32 a barrel in electronic trading on the New York Mercantile Exchange.
Thursday, December 29, 2011
Oil slips to near $104 after US crude supply jump
Oil prices fell to near $104 a barrel Wednesday after a report showed U.S. crude supplies rose more than expected last week, suggesting rising fuel costs may be crimping demand. By early afternoon in Europe, benchmark crude for May delivery was down 47 cents to $104.32 a barrel in electronic trading on the New York Mercantile Exchange.
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