Oil Prices Dropped 25 Cents

- January 9th, 2012

Reuters reported that oil prices dropped on speculation over the Europe’s economy and Iran’s plans to shut the Strait of Hormuz.

Reuters reported that oil prices dropped on speculation over the Europe’s economy and Iran’s plans to shut the Strait of Hormuz.

As quoted in the market news:

U.S. February crude fell 25 cents to settle at $101.31 a barrel, having dropped to $100.10 and finding support above the key $100 level.

Click here to read the full Reuters report.

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