New York, NY, July 12, 2011 — Oil prices declined to near $94 a barrel on Tuesday as the U.S. dollar strengthened.
Benchmark oil for August delivery was down $1.05 to $94.10 a barrel at late morning European time in electronic trading on the New York Mercantile Exchange. Crude fell $1.05 to settle at $95.15 on Monday.
Markets have been concerned aboutg the debt crisis in Europe.
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