Crude Oil Declines as Stagnant U.S. Employment Signals Weak Fuel Demand
Investing News Network - September 2nd, 2011
Bloomberg reported that concerns over weaker fuel demand caused crude oil prices to drop.
Bloomberg reported that concerns over weaker fuel demand caused crude oil prices to drop.
The market news is quoted as saying:
Crude oil for October delivery fell $1.70, or 1.9 percent, to $87.23 a barrel at 12:18 p.m. on the New York Mercantile Exchange. The contract gained 12 cents yesterday to $88.93, the highest close since Aug. 3.