Oil slips

Oil prices retreated Friday after a plunge in US retail sales triggered fears about the pace of economic recovery in the world's largest energy consuming nation.
New York's main futures contract, light sweet crude for delivery in July, shed 1.70 dollars to 73.78 dollars a barrel. It briefly topped 76 dollars in intra-day trade on Thursday.
London's Brent North Sea crude for July dipped 94 cents to 74.35 dollars a barrel.
Investors were concerned by a US government report that retail sales in May plunged for the first time in eight months.