Oil Falls, Warm Weather Trumps Nigeria Tension
ECONOMY
COMMENTLINE
More tension making headlines in the news.
NEWSLINE
"There is a lack of heating demand. We're experiencing a very unusual warm pattern in the United States."
NEWSBYTE
Oil falls, warm weather trumps Nigeria tension
NEW YORK (Reuters) - Oil fell below $66 per barrel on Wednesday as unusually warm weather curbed heating demand in the United States and thwarted an early rally sparked by renewed threats from Nigerian militants to halt shipments from the world's eighth biggest crude exporter.
U.S. crude oil fell 51 cents to $65.80 a barrel, after climbing as high as $66.93, the highest since September 30, on the New York Mercantile Exchange. In London, Brent crude was down 54 cents at $64.36 on the International Petroleum Exchange. Read full story.
Tags: tension, economy, gas, oil, fuel
Global Tags: Washington DC, News and politics, News, Politics, Current Events, Current Affairs, Life
COMMENTLINE
More tension making headlines in the news.
NEWSLINE
"There is a lack of heating demand. We're experiencing a very unusual warm pattern in the United States."
NEWSBYTE
Oil falls, warm weather trumps Nigeria tension
NEW YORK (Reuters) - Oil fell below $66 per barrel on Wednesday as unusually warm weather curbed heating demand in the United States and thwarted an early rally sparked by renewed threats from Nigerian militants to halt shipments from the world's eighth biggest crude exporter.
U.S. crude oil fell 51 cents to $65.80 a barrel, after climbing as high as $66.93, the highest since September 30, on the New York Mercantile Exchange. In London, Brent crude was down 54 cents at $64.36 on the International Petroleum Exchange. Read full story.
Tags: tension, economy, gas, oil, fuel
Global Tags: Washington DC, News and politics, News, Politics, Current Events, Current Affairs, Life
posted by Steven Moyer at 2:32 PM
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