OCR Text |
Show FIRST CUT IN CRUDE OIL AFFECTS MANY GRADES PITTSBURGH. Pa. Jan. 8. The) price of Pennsylvania crude oil, on which is based Die price ot other crude oils In this country, was today cut from 10 a barrel to $5 70 a barrel This Is the first reduction in crude oil for a number of years and is brought about, the principal purchasing purchas-ing agencies said, by a decreased do-1 mand. The readjustment of the crude oil market was extended to other grades as follows Cabell, $4.21 a barrel. Somerset, $4 00, Somerset light. $4 L'j; K a gland, T 2 - . oo |