Oil Declines Amid Speculation OPEC Quota Will Remain Unchanged

Oil Declines Amid Speculation OPEC Quota Will Remain Unchanged

Alexander Zemlianichenko Jr./Bloomberg

Oil for July delivery dropped as much as 62 cents to $82.70 a barrel in electronic trading on the New York Mercantile Exchange, and was at $82.76 at 11:43 a.m. Sydney time.