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Nymex Crude Down As Tropical Storm Path Unclear

Forex News Nymex crude oil futures drop into negative territory after U.S. forecasters say it's unclear how fast Tropical Storm Dolly will make landfall in the Gulf of Mexico and whether it'll hit the Texas coast or the northeastern coast of Mexico. If the storm continues at its current speed, it'll likely pack a smaller punch when it hits land, says U.S. NOAA. If it slows down and takes longer to get there, traveling over warm waters, the storm will likely grow much stronger, agency predicts. August crude now trading down 47 cents at $130.57/bbl.




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