US oil hits 5-month low on worries about supply glut | Bangkok Post: news

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US oil hits 5m-low on supply glut

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The benchmark US oil price sank to a five-month low Tuesday as traders anticipated a key report will show US supplies are continuing to pile up. 

A customer pumps gas into his car at a Chevron gas station on July 22, 2013 in San Francisco, California

New York's main contract West Texas Intermediate for delivery in December sank $1.25 to close at $93.37 a barrel, its lowest level since early June.

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