BUSINESS NEWS

Oil falls $1 a barrel to below $77

Posted 2009/11/20 at 7:53 am EST

LONDON, Nov. 20, 2009 (Reuters) — Oil fell $1 a barrel to below $77 on Friday, pressured by a firmer U.S. dollar and as falling equities raised concern about the economy and the outlook for energy demand.

An oil rig beside the sea is lit up on the outskirts of Havana after sunset June 23, 2009. REUTERS/Desmond Boylan

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U.S. crude oil for December delivery, which expires later on Friday, was down $1 a barrel to $76.46 as of 7:39 a.m. EST (1239 GMT). (Reporting by Alex Lawler)

Copyright Reuters 2008. See Restrictions for more details.

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