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Strong dollar and Hurricane Bertha flatten the price of oil

The price of black gold tumbled by more than $4 yesterday as traders took the view that Hurricane Bertha looked unlikely to hit the Gulf of Mexico, the centre of the all-important US oil refining industry.

The price of black gold tumbled by more than $4 yesterday, as the greenback gained a modicum of momentum and traders took the view that Hurricane Bertha was unlikely to lash the Gulf of Mexico, the centre of the all-important US oil refining industry.