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Oil Prices Dropped $1.06 Over Slowing Growth in China
Mar. 12, 2012 03:42PM PST
Oil and Gas InvestingReuters reported that oil prices dropped $1.06 due to worries over slowing growth in China and recession in Italy.
Reuters reported that oil prices dropped $1.06 due to worries over slowing growth in China and recession in Italy.
As quoted in the market news:
U.S. April crude fell $1.06 to settle at $106.34 a barrel, also snapping a string of three higher closes and ending below the 10-day moving average at $106.69 after dropping to an intraday low of $105.38.