Posted AT 5:12 PM EDT on 01/04/08
Oil dips on strength of U.S. currency
NEW YORK — Oil futures extended their slide Tuesday as the U.S. dollar gained ground, making commodities such as energy futures less attractive to investors seeking a hedge against inflation. But trading was choppy as a debate among investors over oil's direction played out in the marketplace.
Retail gas prices, meanwhile, slipped slightly from the record they set one day earlier.
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