Richard continues to weaken as it heads into Gulf


CANCUN, Mexico (Reuters) - Tropical Storm Richard weakened to a tropical depression on Monday as it moved across northern Guatemala and headed to Mexico's Bay of Campeche, where it was expected to dissipate by Wednesday.

The storm is expected to pass near the platforms that produce the bulk of Mexico's 2.6 million barrels per day of crude oil on Tuesday, but state oil monopoly Pemex said it was only taking usual precautions and all operations were normal.

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