The price of oil fell to near $95 a barrel Monday after U.S. industrial production weakened and Europe remained mired in recession.
Benchmark crude for March delivery was down 28 cents to $95.58 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $1.45 to finish at $95.86 a barrel on the Nymex on Friday.
Brent crude, used to price many varieties of foreign oil, rose 9 cents to $117.75 per barrel in London.
Source: AP
Read more
Tags: Asia, Bangkok, Brent crude markets, Business, Commodity markets, Containers and packaging manufacturing, Crude oil markets, Economy, Energy, Energy markets, Europe, Financial markets, Gasoline markets, General news, Heating oil markets, Industries, Mario Draghi, Materials, Motor fuel markets, Natural gas markets, North America, Oil and gas, Oil and gas extraction, Prices, Recessions and depressions, Refined petroleum product markets, Southeast Asia, Thailand, United States
This entry was posted on 18/02/2013 at 16:14 and is filed under Economy, Live News Top Stories, World News. You can follow any responses to this entry through the RSS 2.0 feed.
