Crude oil falls on ObamaCare Supreme Court decision, market views it "as anti-growth," Bloomberg

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6/28/12, "Oil Drops to Eight-Month Low on U.S. Jobless Claims," Bloomberg, M. Zhou

"Crude also fell as the Supreme Court upheld the core of President Barack Obama’s health-care overhaul....

The ruling is being “viewed in the market as an anti- growth story, which is helping to pressure energy,” said Kilduff [a partner at Again Capital LLC].

The court, in a 5-4 decision, said Congress has the power to make Americans carry insurance or pay a penalty. That requirement is at the center of the law, which also forces insurers to cover people with pre-existing health conditions."...

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