Oil Dropped 4 Cents at $104.16 a Barrel

Business Week reported oil dropped 4 cents at $104.16 a barrel on concern over Spanish debt sale.

As quoted in the market news:

Crude for May delivery was at $104.16 a barrel, down 4 cents, in electronic trading on the New York Mercantile Exchange at 12:49 p.m. Sydney time.

Click here to read the full Business Week report.