After topping $100 last week, oil falls for 4th day in a row on ample supplies, rise in dollar

  • by: The Associated Press , Associated Press
  • Updated: January 3, 2014 - 2:50 PM

The price of oil extended a week-long plunge Friday, falling 1.6 percent to below $94 a barrel, as a rebounding U.S. economy drove the dollar higher and signs continue to emerge that there is an ample supply of crude worldwide.

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