Oil Falls Below $100 on Europe Debt Concern and U.S. Equities

Bloomberg reported that oil declined below $100 a barrel after rising bond yields in Spain and France renewed concern on Europe’s crisis.

As quoted in the market news:

Crude for December delivery fell $3.77 to settle at $98.82 a barrel on the New York Mercantile Exchange. The contract expires tomorrow. The January contract, which traded at more than twice the December volume, fell 3.6 percent to $98.93.

Click here to read the full Bloomberg report.