Oil has closed below $113 a barrel as concerns that oil operations in the Gulf of Mexico could be disrupted by Tropical Storm Fay have eased.
Royal Dutch Shell had removed about 360 workers from the region over the weekend as a precaution.
US light, sweet crude fell 90 cents to settle at $112.87 in New York while London Brent crude lost 61 cents to close at $111.94.
Crude prices are now 23% below the record $147 hit in early July.
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Oil Slipped Below $113
Oil has closed below $113 a barrel as concerns that oil operations in the Gulf of Mexico could be disrupted by Tropical Storm Fay have eased
