Oil prices slide after breaching $54 a barrel
New York, USA: Oil prices fell sharply on Tuesday after briefly surpassing $54 a barrel amid nagging concerns in the market that the global supply buffer is too thin to handle a significant output disruption.

Light sweet crude for November delivery sank $1.13 to $52.51 per barrel on the New York Mercantile Exchange after touching $54.45.

NYMEX oil futures settled on Monday at a record $53.64 per barrel.
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