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Reply #2: Oil hovers above $96 amid Europe debt worries [View All]

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Pale Blue Dot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 06:45 AM
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2. Oil hovers above $96 amid Europe debt worries
SINGAPORE Oil prices hovered above $96 a barrel Friday in Asia as Europe's debt crisis undermined confidence the continent will avoid recession next year.

Benchmark crude for January delivery was up 11 cents at $96.28 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract last settled on Wednesday in New York at $96.17, down $1.84. Markets in the U.S. were closed Thursday for the Thanksgiving holiday.

Brent crude for January delivery fell 40 cents at $107.38 a barrel on the ICE Futures Exchange in London.

Markets close early in the U.S. later Friday for Thanksgiving.

http://old.news.yahoo.com/s/ap/oil_prices
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