Oct. 12 (Bloomberg) -- Oil dropped for the first day in six in New York after Slovakian lawmakers rejected a planned boost to the euro region’s bailout fund, aimed at taking the region’s debt crisis.
Crude for November slid as much as 61 cents, or 0.7 percent, to $85.20 a barrel in electronic trading on the New York Mercantile Exchange and was at $85.26 at 9:14 a.m. Sydney time. The contract yesterday gained 0.5 percent to settle at $85.81 a barrel.
Slovak lawmakers need to vote again “as soon as possible” on an overhaul of the enhanced bailout mechanism, Prime Minister Iveta Radicova told reporters in Bratislava.
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