Crude Oil Pares Losses to Trade Near Highest in Two Years as Dollar Drops

Crude oil futures extended declines in New York, falling as much as 0.7 percent.

Crude oil for January delivery dropped 45 cents, or 0.5 percent, to $88.93 a barrel at 10:31 a.m. on the New York Mercantile Exchange. Oil earlier rose as high as $90.76.

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