Oil Falls Below $100 on Europe Debt Concern and U.S. Equities
Investing News Network - November 17th, 2011
Bloomberg 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.