Oil falls to a 5-month low on supply worries

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Associated Press

Posted on November 12, 2013 at 4:00 PM

Updated Tuesday, Nov 12 at 10:01 PM

The price of oil is at a five-month low as investors worry about higher U.S. supplies.

Gold, silver and copper prices fell. Crop prices were mixed.

Crude oil for December delivery fell $2.10, or 2.2 percent, to close at $93.04 a barrel in New York.

Oil prices fell as traders anticipated that data will show another increase in U.S. crude supplies for the week ending Nov. 8.

December gold fell $9.90 to $1,271.20 an ounce.

In agricultural trading, corn for December delivery fell 2.5 cents to $4.3225 a bushel.

January soybeans rose 13.5 cents to $13.145 a bushel and December wheat fell a penny to $6.4525 a bushel.

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