May 11, 2011

Oil down 4 percent

Oil prices tumbled 4 percent on Wednesday as U.S. gasoline futures plunged limit down, triggering a brief halt in trade on the New York Mercantile Exchange.

U.S. crude slumped $4.31 to $99.57 a barrel at 12:22 p.m. EDT. In London, Brent crude dropped $3.87 to trade at $113.76 a barrel.

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