Oil near 2012 low, closes at $91.66
NEW YORK (AP) — Oil prices dropped near their lows for the year Tuesday following warnings of a "severe recession" in Europe and an apparent easing of tensions over Iran's nuclear program.
Benchmark U.S. crude lost 91 cents to end the day at $91.66 per barrel in New York while Brent crude fell by 40 cents to end at $108.41 per barrel in London. Both contracts hit a low for 2012 on Friday at $91.48 and $107.14, respectively.
If you have questions, please email email@example.com.
To start your free 14-day trial, fill in the form below.