Oil Prices Dropped 2% to $123.65
Investing News Network - March 2nd, 2012
Reuters reported that oil prices dropped 2% as Saudi Arabia clarified about a reported pipeline explosion.
Reuters reported that oil prices dropped 2% as Saudi Arabia clarified about a reported pipeline explosion.
As quoted in the market news:
Brent April crude fell $2.55 to settle at $123.65 a barrel, having traded as low as $123.12, testing below its 10-day moving average of $123.22.