Bloomberg News

Oil Pares Decline in New York, Heading for Fourth Weekly Drop

May 25, 2012

Oil for July delivery was at $90.62 a barrel, down 4 cents, in electronic trading on the New York Mercantile Exchange at 2:19 p.m. Singapore time. It earlier slid as much as 0.5 percent. Prices are down 0.9 percent this week for a fourth weekly drop.

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