Oil falls below $92 a barrel on weak China data
Associated Press
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 2:47 am, Tuesday, March 12, 2013
BANGKOK (AP) — The price of oil fell below $92 per barrel Tuesday as traders absorbed choppy economic data from China and stock markets showed signs of fatigue after big gains. Disappointing French industrial production data coupled with weaker indicators from China over the weekend on retail sales and industrial production, weighed on oil markets. Brent crude, used to price many kinds of oil imported by U.S. refineries, fell 39 cents to $109.83 a barrel on the ICE Futures exchange in London. Reported by SeattlePI.com 10 hours ago.
Associated Press
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 2:47 am, Tuesday, March 12, 2013
BANGKOK (AP) — The price of oil fell below $92 per barrel Tuesday as traders absorbed choppy economic data from China and stock markets showed signs of fatigue after big gains. Disappointing French industrial production data coupled with weaker indicators from China over the weekend on retail sales and industrial production, weighed on oil markets. Brent crude, used to price many kinds of oil imported by U.S. refineries, fell 39 cents to $109.83 a barrel on the ICE Futures exchange in London. Reported by SeattlePI.com 10 hours ago.