by Associated Press Published: January 6,2012
Tags: drop, European crisis, oil prices
Oil prices are falling as concerns about Europe outweigh positive U.S. employment numbers. Benchmark crude fell by 53 cents to $101.31 per barrel in New York. Brent crude, which is used to price foreign oil varieties that are imported by American refineries, lost 24 cents at $112.50 per barrel in London. Prices dropped as traders [...] [...]
by Associated Press Published: July 25,2011
Tags: barrels, drop, oil, retail gasoline prices
Oil is holding below $100 per barrel as investors wait for Congress to agree on a solution to the nation’s debt crisis. Benchmark West Texas Intermediate crude for August delivery on Monday dropped 70 cents to $99.17 per barrel in morning trading on the New York Mercantile Exchange. In London, Brent crude fell 68 cents [...] [...]
Oil prices fell below $52 a barrel Friday, following a huge rally the previous day, as U.S. unemployment data showed the world’s largest economy is continuing to lose jobs. Benchmark crude for May delivery was down 86 cents to $51.78 a barrel by mid-afternoon in Europe in electronic trading on the New York Mercantile Exchange. [...] [...]
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