Oil prices ease as Syria tensions ebb; Metals down

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Associated Press

Posted on August 29, 2013 at 8:01 PM

Updated Friday, Aug 30 at 1:01 AM

The price of oil eased back from its highest level in more than two years as the likelihood of an immediate attack on Syria appeared to fade.

Metals prices also fell broadly Thursday, and prices for grains and beans ended mixed.

Oil fell $1.30, or 1.2 percent, to $108.80 a barrel on the New York Mercantile Exchange. Other energy prices also fell, except for natural gas.

Gold for December delivery edged down $5.90 to $1,412.90 an ounce. Other metals prices also fell.

Agricultural futures were mixed.

December corn edged up less than a penny to $4.815 a bushel, November soybeans fell 4.25 cents to $13.685 a bushel and December wheat fell 5.25 cents to $6.5425 a bushel.

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