New York-New York Mercantile Exchange August crude futures settled 20 cents lower at $59.69/barrel July 13, shrugging off a softer tone to the US dollar and gains in US equity markets. "This downside disconnect continues to reflect a strong dose of reality as recent economic indicators are suggesting a pace of oil demand that was simply out of sync with a $70 crude handle a couple of weeks ago," energy consultant Jim Ritterbusch said in a report.
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