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Oil Falls Below $100 on Europe Debt Concern and U.S. Equities
Nov. 17, 2011 01:54PM PST
Energy 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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| Commodities | |||
|---|---|---|---|
| Gold | 2344.53 | +0.88 | |
| Silver | 27.94 | +0.01 | |
| Copper | 4.32 | +0.06 | |
| Oil | 85.45 | -0.14 | |
| Heating Oil | 2.68 | +0.02 | |
| Natural Gas | 1.77 | +0.01 | |
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