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Markets

US crude drops $1 on Saudi signals, stocks

Published Updated

oil-barrels 400SINGAPORE: U.S crude's October contract dropped $1 to trade under $91 a barrel on Thursday, shrugging off more stable Chinese manufacturing data as higher US oil stocks and the prospect of Saudi Arabia taking action to moderate prices weighed on prices.

 

The November contract Also fell $1 to $91.30 a bbarrel.

 

Copyright Reuters, 2012

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