After opening the day lower than Friday’s close, oil futures continued to lose ground with December contracts falling $1.84 (2.3 percent) to $78.66 a barrel by 1:30 on the New York Mercantile Exchange.
Ã¢â‚¬Å“This is a dollar play,Ã¢â‚¬Â said Stephen Schork, president of consultant Schork Group Inc. in Villanova, Pennsylvania. Ã¢â‚¬Å“There is not a lot if rhyme or reason in this market at the moment. I see no justification for how far prices have risen.Ã¢â‚¬Â
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