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Archive Home > 2008 > July > 24 > Oil drops below $125 on demand worries

Oil drops below $125 on demand worries


July 24, 2008

NEW YORK — Oil prices shed nearly $4 on Wednesday, tumbling below $125 per barrel for the first time since early June on growing fears that high prices and the weak economy are destroying demand. Light, sweet crude for September delivery dropped $3.98 to settle at $124.44 per barrel on....

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