Oil below $89 in Asia amid weak economic outlook
BANGKOK (AP) — Oil fell below $89 a barrel Wednesday in Asia as regional stock markets slid on the Fed's gloomy outlook for the U.S. economy.
Benchmark crude for August delivery was down 29 cents at $88.93 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract added 79 cents to end Tuesday at $89.22 per barrel in New York.
Brent crude was down 29 cents at $103.71 on the ICE futures exchange in London.
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