Oil down to near $98 a barrel on jitters about China economic slowdown, rising US crude stocks

  • by: PABLO GORONDI , Associated Press
  • Updated: March 12, 2014 - 9:10 AM

The price of oil dropped to near $98 a barrel Wednesday as the possibility of a deeper economic slowdown in China fed expectations of weaker demand and a report showed a rise in U.S. crude stockpiles.

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