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Oil Trades Near Two-Day Low in New York on Euro-Area Concern
Nov. 09, 2011 07:50PM PST
Oil and Gas InvestingBloomberg reported that oil traded low on concerns that Europe’s debt crisis may cause the eurozone to fracture.
Bloomberg reported that oil traded low on concerns that Europe’s debt crisis may cause the eurozone to fracture.
As quoted in the market news:
Crude oil for December delivery was at $95.63 a barrel, down 11 cents, in electronic trading on the New York Mercantile Exchange at 12:33 p.m. Sydney time. The contract yesterday fell $1.06, or 1.1 percent, to $95.74, the lowest settlement since Nov. 7. Prices are 4.6 percent higher the past year.