Crude oil drops 3.2%
Crude oil
New York - KUNA
Crude oil for delivery in January dropped by 3.27 percent to reach USD 66.74 a barrel, the New York Mercantile Exchange (NYMEX) announced today.
The Oil prices continued to decline while "worlds stock makers edged higher as investors snapped up beaten-down energy shares," it said. In midday Tuesday trading, Brent and US crude oil were also down more than one percent.
NYMEX oil (futures) fell by as much as 3.6 percent to reach USD 63.72 a barrel on Monday, the lowest level since July 2009.
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Dubai - Arab Today
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