Oil prices drop on strong dollar, Russian order to end attack

NEW YORK: Crude oil prices slid to a four-month low Tuesday after Russia announced the end of military operations in Georgia and the International Energy Agency forecast a steep drop in demand. New York's main contract, light sweet crude for September delivery, sank 1.44 dollars to 113.01 dollars a barrel, the lowest level since April 15. In London, Brent North Sea crude for September delivery lost 1.52 dollars to settle at 111.15 dollars a barrel.