Oil falls 1.4% to $83.75

03.07.2012
    By John M. Biers     Oil prices retreated 1.4% Monday as the euphoria over last week's European Union plan faded and poor manufacturing data from the U.S. and China came into focus.     Analysts said the decline was probably inevitable after Friday's surge, which saw oil prices leap 9.4%. That move was fueled by...