OIL FUTURES: Nymex Crude Drops As Concerns Over Economy Return - Wall Street Journal

NEW YORK (Dow Jones)--Oil futures settled lower Friday, erasing most of the week's gains as equities fell on new doubts about the health of the U.S. economy.

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Light, sweet crude oil for May delivery settled $1.96, or 3.6%, lower at $52.38 a barrel on the New York Mercantile Exchange. May Brent crude on the ICE Futures exchange settled $1.48, or 2.8%, lower at $51.98 a barrel. Crude futures still managed to settle well above $50 a barrel despite a sharp strengthening in the dollar and a drop in U.S. equities, two key influences recently on the ...

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