ND: Oil falls to near $97 amid US crude supply jump
QUICK READOil falls to near $97 in Asia as US crude supplies rise, debt limit deadline nears
(AP) -- Oil prices fell to near $97 a barrel Thursday in Asia as the release of U.S. emergency crude reserves boosted commercial inventories.
Benchmark oil for September delivery was down 25 cents to $97.15 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. Crude lost $2.19 to settle at $97.40 on Wednesday.
In London, Brent crude dropped 2 cents...
