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By
Associated Press
.
Published: Wed, July 23, 2008 - 9:10 pm
Last Updated: Wednesday, July 23, 2008 - 9:13 pm
Last Updated: Wednesday, July 23, 2008 - 9:13 pm
crude for September delivery dropped $3.98 to settle at $124.44 a
barrel on the New York Mercantile (MUR'-kuhn-tyl) Exchange, crude's
lowest finish since June 4th.
Stock prices finished higher. The Dow added
about 30 points to 11,632. The S&P rose 5 points to 1,282 and the
Nasdaq surged about 22 points to 2,325.
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Tide Fan you are so right. If they would have said that the storm would interupt oil production the price would have shot up over night along with all the prices at the pump. It is crazy how if the price goes up 2 dollars a barrel it goes up 20 cents at the pump. but the price falls by 8 dollars and it goes down a penny.