Oil falls as U.S. demand slows

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Source: Bloomberg
Oil tumbled from the two-month high close amid speculation recent gains were over-optimistic on signs of weakening demand of the U.S., the world's major consumer of oil. Futures slipped 0.5% after a three-day rise. September-delivery oil fell to 93.17 per barrel. September-settlement Brent crude dropped 0.4% to $111.55 per barrel.
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Wed, 08 Aug 2012 09:12:12 GMT

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