Bloomberg News

Oil Drops 0.8% in New York After Biggest Gain in Three Years

July 01, 2012

Oil fell as much as 0.8 percent in New York after rising the most in three years June 29.

Futures for August delivery slid as much as 68 cents to $84.28 a barrel in electronic trading on the New York Mercantile Exchange and were at $84.37 at 10:24 a.m. in Sydney.

To contact the reporter on this story: Ben Sharples in Melbourne at bsharples@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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