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LONDON (AFP) – World oil prices dropped on Tuesday, with New York crude taking a hit from disappointing U.S. data, according to analysts.

Brent North Sea crude for delivery in September fell 29 cents to stand at $107.86 a barrel in London midday deals.

New York’s main contract, West Texas Intermediate (WTI) for delivery in September, slid one dollar to $105.94 a barrel.

“The price decline was triggered by weaker-than-expected existing home sales in the US,” said Kash Kamal, research analyst at Sucden brokerage in London. “Expectations for a further drawdown in [U.S.] crude stocks this week may support WTI near current levels.”

He added: “Brent remains relatively well supported at current levels as tensions in the Middle East continue to threaten supply, however prices have experienced some downside as concerns over slowing Chinese growth materialised.”

The National Association of Realtors on Monday said that US home sales fell 1.2 percent to an annual rate of 5.08 million in June. The average analyst estimate was for a rise to 5.28 million in June.

President Trump boards Air Force One for his return flight home from Florida on July 31, 2020

Official White House Photo by Joyce N. Boghosian

Reprinted with permission from Alternet

Florida senior residents have been reliable Republican voters for decades, but it looks like their political impact could shift in the upcoming 2020 election.

As Election Day approaches, Florida is becoming a major focal point. President Donald Trump is facing more of an uphill battle with maintaining the support of senior voters due to his handling of critical issues over the last several months. Several seniors, including some who voted for Trump in 2016, have explained why he will not receive their support in the November election.

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