Oil drops as China says it will raise fuel prices: Financial News - Yahoo! Finance

Oil drops as China says it will raise fuel prices: Financial News - Yahoo! Finance: "Oil drops as China says it will raise fuel prices
Thursday June 19, 12:04 pm ET
By John Wilen, AP Business Writer
Oil prices drop after China says it will raise fuel prices, which could dampen demand
NEW YORK (AP) -- Oil prices dropped Thursday after China said it will raise fuel prices, a move that could dampen the booming Asian nation's oil consumption. Retail gas prices slid overnight.
Light, sweet crude for July delivery fell $2.82 to $133.86 a barrel on the New York Mercantile Exchange, but dipped more than $3 at times."