Oil price drops fast as Goldman charges hit confidence - BBC News

The oil price has dropped sharply for a second day as fraud charges filed in the US against Goldman Sachs bank on Friday shake investor confidence.

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US light crude oil fell by more than $2 a barrel, or 2.4%, to $81.23. London Brent oil fell by the same amount, to $81.98 a barrel.

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The price of oil has now fallen by more than $4 a barrel since Thursday.

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