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Not nearly as much as in recent days, but a 47-cents-a-barrel decline brought crude prices below $129 - nearly 13 percent off last week's record peak. Oil's losses this week are the steepest in dollar terms since futures began trading in New York in 1983.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.