Oil slides on economic concerns

Published September 4, 2012 7:59pm ET



NEW YORK (AP) — The price of oil slipped Tuesday after a weak report on U.S. manufacturing suggested demand for oil would fall.

U.S. benchmark crude fell $1.17 to close at $95.30 in New York. Brent crude, which is used by many U.S. refineries to make gasoline, fell $1.60 to $114.18 in London.

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