Financial Times FT.com

Oil extends retreat after US inventories

By Chris Flood

Published: July 23 2008 12:09 | Last updated: July 23 2008 22:35

Oil prices extended their correction on Wednesday, dragging gold lower and weighing on agricultural commodities.

Nymex September West Texas Intermediate fell $3.98 to settle at $124.44 a barrel while ICE September Brent lost $4.26 at $125.29 a barrel.

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