U.S. crude futures drop $1 after bailout passes
The dollar slumped, providing some pressure for oil futures, and oil industry sources said the dip by crude futures was typical buy the rumor, sell the fact after the anticipated bill passage occurred.
On the New York Mercantile Exchange at 1:48 p.m. EDT, crude for November delivery was down 85 cents, or 0.9 percent, at $93.12 a barrel, having traded from $91.30 to $96.03.
(Reporting by Robert Gibbons)