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Oil Falls Below $100 on Europe Debt Concern and U.S. Equities
Nov. 17, 2011 01:54PM PST
Oil and Gas InvestingBloomberg reported that oil declined below $100 a barrel after rising bond yields in Spain and France renewed concern on Europe’s crisis.
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.
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