Oil prices drop near $95

Oil   Oil
By Pamela Sampson on August 17, 2012

BANGKOK (AP) — Oil prices fell Friday after news reports suggested the U.S. might tap its strategic reserves to slow the rising price of oil.

Benchmark crude for September delivery was down 38 cents to $95.22 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose $1.27 to finish at $95.60 per barrel in New York on Thursday.

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