Oil Prices Dropped 2% to $123.65

- 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.

Click here to read the full Reuters report.

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