Crude Oil Tumbles on Margin Hike

- May 9th, 2011

Reuters that the oil prices dropped after the CME group (NASDAQ:CME) raised crude futures margins by 25 percent.

Reuters that the oil prices dropped after the CME group (NASDAQ:CME) raised crude futures margins by 25 percent.

The market news is quoted as saying:

U.S. crude was down 1.7 percent at $100.77 a barrel by 0109 GMT, off a low of $100.46. Brent crude dropped 1.2 percent to $114.46, off a low of $114.

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