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Latest Business News

Oil Prices Slip

Tuesday, January 02, 2007 3:45:15 PM

NEW YORK (AP) - Oil prices slipped in quiet trading Tuesday, turning lower on warmer than usual winter weather in the United States and expectations of an agreement between Russia and Belarus over natural gas prices.

Trading was muted because the New York Mercantile Exchange closed its trading floor in observance of the national day of mourning for former U.S. President Gerald Ford.

In early afternoon electronic trading, light sweet crude for February delivery on the Nymex fell 19 cents to $60.86 a barrel.


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