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Oil Declined 31 Cents Over Europe’s Re-emerging Debt Crisis
Jan. 11, 2012 12:36PM PST
Oil and Gas InvestingReuters reported that oil declined on concern over Europe’s re-emerging debt crisis and Euro’s 16-month low value against the dollar.
Reuters reported that oil declined on concern over Europe’s re-emerging debt crisis and Euro’s 16-month low value against the dollar.
As quoted in the market news:
By 1:40 p.m. EST, ICE Brent crude for February was down 31 cents at $112.97 a barrel, after falling to a session low of $112.11, breaking below its 200-day moving average of $122.67. U.S. February crude was off 51 cents at $101.73 after dropping as low as $100.55.
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