Oil falls below $102 on US shutdown notice
Washington - SPA
The price of oil fell Tuesday after parts of the U.S. government were ordered to shut down because of a budget impasse in Washington. Benchmark oil for November delivery dropped 35 cents to $101.99 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 54 cents to close at $102.33 on Monday after trading as low as $101.05. Brent crude, the benchmark for international crudes used by many U.S. refineries, fell 64 cents to $107.73 a barrel on the ICE Futures exchange in London.
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