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Archive Home > 2008 > August > 01 > Oil falls to almost $124 on U.S. economic data

Oil falls to almost $124 on U.S. economic data


August 1, 2008

NEW YORK — Oil prices pulled back Thursday, wiping out some gains from the previous day’s $4 per barrel rally, as traders bet that a cooling U.S. economy will continue to eat into U.S. demand for fuel.

At the pump, easing prices underscored Americans’ waning....

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