NEWS07

NEW YORK

Oil price drops $1


Published: Saturday, July 5, 2008 at 3:41 a.m.
Last Modified: Saturday, July 5, 2008 at 5:15 a.m.

Oil prices fell more than $1 a barrel Friday from record levels set a day earlier on hopes that tensions surrounding Iran's nuclear program could ease and cut the chances of American or Israeli military action against OPEC's second-largest oil producer.

-- Press Democrat news services


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