Business

Oil falls below $95 as dollar strengthens

By Pamela Sampson
Published May 13, 2013 10:01am ET
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BANGKOK (AP) — Oil prices fell Monday as the dollar strengthened against the yen and other major currencies.

Benchmark oil for June delivery was down $1.11 to $94.93 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 35 cents to close at $96.04 a barrel on the Nymex on Friday.

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