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Oil slips below $96

That's a $5-a-barrel drop from just last week because of falling demand - as well as early indications that Hurricane Ike spared much of the Gulf refinery operations. The big oil drop won't do much for gas prices this week in portions of South and Midwest. They've skyrocketed because of short-term supply problems. But there are no signs of price run-ups in California.


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Recent stories on LA Observed:
Barry Diller's many paychecks
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Former Calpers CEO charged with fraud*
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