Financial Times FT.com

Natural gas fall drags crude oil below $130

By Chris Flood

Published: July 18 2008 03:00 | Last updated: July 18 2008 03:00

A sharp fall in US natural gas prices yesterday derailed a recovery for crude oil prices, which have already registered a sharp correction this week.

US natural gas prices dropped to their lowest level since early May on news of a larger-than-expected increase in inventories.

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