Weak economic data pushes oil down

OIL prices began the week on a sour note, dropping for the first time in three days as weak US housing data spurred fresh worries about the economic recovery in the world’s largest energy consumer.

Weak economic data pushes oil down Weak economic data pushes oil down Weak economic data pushes oil down Weak economic data pushes oil down Weak economic data pushes oil down

New York’s Western Texas Intermediate shed US72c to settle at $US77.21 a barrel last night. Singapore’s Tapis also dropped after reaching almost $US84/bbl on Monday to just over $US82/bbl yesterday.
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