Oil Declined 31 Cents Over Europe’s Re-emerging Debt Crisis
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.
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1858.13 | -5.13 | |
| Silver | 22.53 | -0.10 | |
| Copper | 4.32 | +0.05 | |
| Palladium | 2238.00 | +36.00 | |
| Platinum | 940.00 | +3.00 | |
| Oil | 104.96 | -0.21 | |
| Heating Oil | 4.22 | +0.02 | |
| Natural Gas | 7.69 | +0.21 | |
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