NEW YORK (AP) — Oil prices slipped Friday after world leaders disagreed on further steps to deal with the European financial crisis.
Benchmark crude fell 40 cents to $93.67 per barrel in midday trading in New York. In London, Brent crude rose 30 cents to $111.13 a barrel.
Prices fell after leaders of the world's 20 most powerful economies, meeting in Cannes, France, failed to find ways to strengthen the International Monetary Fund. The IMF is expected to be the lender of last resort for Greece and other European nations.
Greece is battling massive government debts, and investors fear a default could lead to bank failures across the continent. European leaders are trying …
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