Oil down near $86 after Europe, China rate cuts
SINGAPORE (AP) — Oil fell to near $86 a barrel Friday in Asia amid doubts that Europe and China's interest rate cuts will be enough to halt an economic slowdown.
Benchmark oil for August delivery was down $1.12 at $86.10 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. Crude fell 44 cents to settle at $87.22 on Thursday in New York.
In London, Brent crude for August delivery was down $1.20 at $99.50 per barrel on the ICE Futures exchange.
If you have questions, please email firstname.lastname@example.org.
To start your free 14-day trial, fill in the form below.