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. Last Updated: 07/27/2016

Crude Slips Off Highs

SINGAPORE -- Crude was lower in Asia on Tuesday, slipping with heating-oil prices as the U.S. cold weather abated.

March New York Mercantile Exchange crude futures were last traded at $27.48 per barrel, down 35 cents from New York. The contract fell 37 cents in New York.

After jumping to nine-year highs of $29.95 per barrel last week, crude has fallen this week in sympathy with a weaker heating oil market after milder weather in the northeastern United States, the world's biggest heating-oil market.