VIENNA, Austria - Oil prices dropped Tuesday from a record high in the previous session on the view that the disruption of a fifth of the oil production by Mexico's state oil company is only temporary.
Still, a weak dollar and perceptions of tight supplies kept upward pressure on crude prices.
Light, sweet crude for December delivery fell $1.11 to $92.42 a barrel by midday in Europe in electronic trading on the New York Mercantile Exchange.
The contract had risen $1.67 to settle at a record $93.53 a barrel Monday, after rising as high as $93.80, a trading record.
The surge was largely driven by news that Mexico's Petroleos Mexicanos, or Pemex, was to …
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