Oil Declined 1.8 Percent After EU’s Iran Oil Embargo Delayed for 6 Months

- January 12th, 2012

Bloomberg reported oil declined 1.8 percent as European Union decided to delay Iranian oil imports embargo by six months.

Bloomberg reported oil declined 1.8 percent as European Union decided to delay Iranian oil imports embargo by six months.

As quoted in the market news:

Crude for February delivery tumbled $1.77 to settle at $99.10 a barrel on the New York Mercantile Exchange.

Click here to read the full Bloomberg report.

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