BLBG:Crude Oil Declines in New York, Paring Biggest Weekly Gain in Eight Months
Oil fell in New York, paring the biggest weekly gain in eight months. Crude oil for December delivery was at $93.61 a barrel, down 35 cents, in electronic trading on the New York Mercantile Exchange at 11:14 a.m. Sydney time. The contract yesterday advanced $3.76 to $93.96, the highest close since Aug. 1. Prices are 7.3 percent higher this week, the biggest gain since February.
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