Oil falls near $93 after U.S. supply report
By The Associated Press on August 15, 2012
Oil fell to near $93 a barrel Wednesday in Asia after a rise in oil supplies offset U.S. retail sales data showing Americans spending more.
Benchmark oil for September delivery was down 16 cents at $93.27 per barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 70 cents to end at $93.43 a barrel in New York on Tuesday.
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