Crude oil drops to near $94 a barrel as ECB rate cut boosts dollar, weighs on commodities

  • Article by: PABLO GORONDI , Associated Press
  • Updated: November 7, 2013 - 9:30 AM

The price of oil fell to near $94 a barrel Thursday, as an unexpected rate cut by the European Central Bank strengthened the dollar and an OPEC report depicted abundant global supplies.

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