Oil Declined 31 Cents Over Europe’s Re-emerging Debt Crisis
Investing News Network - January 11th, 2012
Reuters 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.