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Oil declined for the fourth straight day in New York, reversing an earlier gain of 1.3 percent. Crude for November delivery slipped $1.12, or 1.4 percent, to $78.73 a barrel at 10:33 a.m. on the New York Mercantile Exchange.
Oil began to recover last few hours and now the price of November futures on the New York Mercantile Exchange at $ 79.24 a barrel.
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