NEW YORK — The price of oil fell below $83 Friday on the prospect of weak economic growth with no immediate assistance from the U.S Federal Reserve.
U.S. benchmark crude fell $1.93 to $82.89 per barrel in midday trading in New York. The last time oil closed below $83 was in early October of 2011. Brent crude, which is used to make gasoline in much of the U.S., fell 2 percent to $97.91.
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