Oil falls as storm fears abate

CRUDE prices dropped on Tuesday as Hurricane Ida weakened into a tropical storm, easing concerns about supply disruptions from the Gulf of Mexico, however prices remain just under $US80 a barrel.

Oil falls as storm fears abate Oil falls as storm fears abate Oil falls as storm fears abate Oil falls as storm fears abate Oil falls as storm fears abate

New York’s Western Texas Intermediate shed US30c to close at $US79.10 a barrel after the US Hurricane centre downgraded Ida into a tropical storm.
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