Oil prices fell in a late wave...
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Oil prices fell in a late wave of selling sparked by unconfirmed rumors ahead of Saturday’s Organization of Petroleum Exporting Countries meeting in Vienna. The selloff, characterized by analysts as “substantial,” occurred during the last hour of trading. On the New York Mercantile Exchange, contracts for July delivery of West Texas Intermediate, the benchmark U.S. crude oil, closed at $17.26 per 42-gallon barrel, down 24 cents from Friday’s close.
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