Oil prices fall below $96, reversing gains

Oil   Oil
By The Associated Press on August 24, 2012

BANGKOK (AP) — The price of crude fell below $96 as oil markets grew pessimistic over the likelihood of more economic stimulus for the U.S. economy.

Benchmark crude fell 33 cents to $95.94 per barrel in late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 99 cents to finish at $96.27 per barrel in New York on Thursday. Brent crude fell 22 cents to $114.79 on the ICE Futures exchange in London.

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