Oil dropped below on Friday after a regulatory probe into possible price manipulation added to trader caution and a stronger United States dollar offset the impact of a big drop in US crude stocks. US crude dipped 77 cents to ,85 a barrel by 10.30am GMT. London Brent dropped 49 cents to ,40.
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/ 20 February 2008
Oil retreated on Wednesday, after surging nearly 5% to a record above a day ago, on fresh influx of capital into commodities, with focus turning to United States stocks data that are expected to show a build in crude. US crude slid 73 cents to ,28 a barrel by 6.47am GMT after investors paused for thought.