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BY CLAIRE RANGEL Crude oil futures dropped Friday as equities markets stumbled and the dollar strengthened on concerns over the impact Dubai's debt worries could have on the economic recovery. Light, sweet crude for January delivery settled $1.91, or 2.5%, lower at $76.05 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled 19 cents, or 0.6%, higher at $77.18 a barrel. Earlier in the day, the January contract fell 7% to touch an intraday and six-week low of $72.39 a barrel.
Full Story: Crude-Oil Futures Decline to $76.05 a Barrel - Wall Street Journal
BY CLAIRE RANGEL Crude oil futures dropped Friday as equities markets stumbled and the dollar strengthened on concerns over the impact Dubai's debt worries could have on the economic recovery. Light, sweet crude for January delivery settled $1.91, or 2.5%, lower at $76.05 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled 19 cents, or 0.6%, higher at $77.18 a barrel. Earlier in the day, the January contract fell 7% to touch an intraday and six-week low of $72.39 a barrel.
Full Story: Crude-Oil Futures Decline to $76.05 a Barrel - Wall Street Journal
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