Reuters: Oil slips 0.5 pct after record $11 surge to new high

[chris]

Oil slips 0.5 pct after record $11 surge to new high
      

SINGAPORE (Reuters) - Oil edged lower on Monday after its biggest surge ever, as OPEC's resistance to pumping more crude kept prices near their record high from Friday, when the falling dollar and Middle East jitters fuelled an unprecedented $11 jump.
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