Bloomberg News

Oil Futures Slide From Highest Close in a Week in New York

July 15, 2012

Oil slipped from the highest close in a week, dropping as much as 0.5 percent in New York.

Futures for August delivery lost as much as 40 cents to $86.70 a barrel in electronic trading on the New York Mercantile Exchange and were at $86.72 a barrel at 9 a.m. in Singapore. Prices gained 1.2 percent to $87.10 a barrel July 13, the highest since July 5.

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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