Oil prices fall
Afp, London
Oil prices sagged Wednesday as traders held the view Israel's offensive with Lebanon would not engulf the region, and ahead of fresh US crude inventories data, dealers said. New York's main contract, light sweet crude for delivery in August, fell 41 cents to 73.13 dollars per barrel in electronic deals before the official opening of the US market. It earlier touched 72.81 dollars -- the lowest point since the end of June. In London, Brent North Sea crude for September delivery dropped 30 cents to 74.06 dollars per barrel in electronic trading, after earlier touching as low as 73.80 dollars.
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