Oil falls to $100 on growth in U.S. supplies

Oil is falling to around $100 per barrel after a U.S. government report shows supplies grew unexpectedly as demand for gasoline and other petroleum products dropped. Benchmark West Texas Intermediate on Wednesday fell $1.22 to $100.06 per barrel in morning trading in New York while Brent crude lost $1.23 to $109.28 in London. Prices dropped [...]

December 7, 2011Comments OffRead More