On the business front... Oil has been falling sharply in recent - TopicsExpress

On the business front... Oil has been falling sharply in recent weeks as global supplies rise and demand for fuel trails expectations. Benchmark U.S. crude fell $1.59 on the New York Mercantile Exchange today, closing at $77.19. The latest decline was prompted by reports that Saudi Arabia is cutting the price of oil that it supplies to the U.S. in an attempt to maintain its market share as U.S. production booms.

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