TheNewsRoom | Obama would tap SPR; Edouard looms

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Obama would tap SPR; Edouard looms

August 04, 2008

U.S presidential candidate Barack Obama unveiled plans to dip into America's strategic oil reserve as a way to bring down gasoline prices. The Dow fell 42 points to 11,284. The S&P 500 fell 11 points to 1,249. The Nasdaq lost 25 points to 2,285. Crude oil dropped $3.69 a barrel to $121.41. Conway Gittens reports from New York.