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China Daily | Updated: 2008-06-18 07:53

Oil drops

Crude oil declined for a third day amid concerns that slower economic growth will curb consumption of oil products.

Crude oil for July delivery fell as much as $2.11, or 1.6 percent, to $132.50 a barrel on the New York Mercantile Exchange and traded at $132.92 at 12:31 pm London time. On Monday, the contract touched a record $139.89.

IN BRIEF (Page 17)

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