Saturday, August 4, 2007

Oil tumbles below $76 on US economic data

(Reuters) - Oil tumbled below $76 a barrel on Friday, dragged down as poor U.S. economic data helped send stock markets down again.

U.S. oil CLc1> settled down $1.38 at $75.48 a barrel, after hitting a record $78.77 on Wednesday. London Brent LCOc1> gave up $1.01 to settle at $74.75.


Read more at Reuters Africa

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