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Oil prices drop after China says it will raise fuel prices

OIL prices dropped sharply yesterday after China said it will raise fuel prices, a move that could dampen the booming Asian nation's oil consumption. Light, sweet crude for July delivery fell US$4.75 to settle...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200806/20080620/article_363916.htm"> Oil prices drop after China says it will raise fuel prices </a> by -- OIL prices dropped sharply yesterday after China said it will raise fuel prices, a move that could dampen the booming Asian nation's oil consumption. Light, sweet crude for July delivery fell US$4.75 to settle... </p>