Oil Resumes Drop as Demand Fears Overshadow Iran Tanker Seizure - Bloomberg:
West Texas Intermediate oil for September delivery fell 82 cents, or 1.5%, to $54.84 a barrel on the New York Mercantile Exchange as of 8:43 a.m. local time.
Brent for October settlement declined 91 cents, or 1.5%, to $60.98 a barrel on the ICE Futures Europe Exchange, and traded at a premium of $6.12 to WTI for the same month.
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