BLBG:Crude Oil Slides a Third Day in New York After Italy Credit Rating Cut
Oil fell for a third day in New York after Standard & Poor’s cut Italy’s credit rating. Crude for October delivery slid as much as 59 cents, or 0.7 percent, to $85.11 a barrel in electronic trading on the New York Mercantile Exchange and was at $85.13 at 7:15 a.m. Singapore time. The contract expires today. The more actively traded November future was down 50 cents, or 0.6 percent, at $85.31 a barrel.
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