Reuters reported that as U.S. budget talks stall, the price of crude oil has also fallen to $109 per barrel Friday.
As quoted in the market news:
“Brent dropped $1.05 to a low of $109.15 before recovering slightly to trade around $109.35 by 1045 GMT. Brent was on track for a second weekly rise and was up just under 2 percent for 2012 as a whole, having averaged around $111.70, not far above its 2011 average of $110.91.”
|Get the top stories on resource investing FREE! Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.|