Thursday, July 24, 2008

Oil Falls Due to Slumping U.S.Economy

News from The Associated Press
Falling prices at the filling station reflect the concern of many energy traders that the weakening U.S. economy is hurting demand. Analysts say that is helping keep oil prices from racing back higher.

Light, sweet crude for September delivery rose 6 cents at $124.50 a barrel on the New York Mercantile Exchange.

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