Oil prices fell below US$99 a barrel Monday as uncertainty grew over the impact of an EU deal to solve the debt crisis and traders looked to this week's OPEC meeting for clues about the cartel's future crude output.
By early afternoon in Europe, benchmark crude for January delivery was down 99 cents to $98.42 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.07 to settle at $99.41 on Friday.
In London, Brent crude fell 74 cents at $107.88 on the ICE Futures exchange.
No comments:
Post a Comment