Light, sweet crude for July delivery dipped to US$122.30 barrel on the New York Mercantile Exchange - the lowest settlement since May 6. Oil prices have dipped to US$122 a barrel on release of data byy the Energy Department indicating a drop in gasoline demand by 1.
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Thursday, June 05, 2008
Gas prices hover around $4 as oil prices retreat by $13 in a month
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