Weather Forecast

Close
Advertisement

Oil falls below $80 as US inventories jump

Email

Oil prices slid below $80 a barrel today after China moved to curb bank lending and a report showed an unexpected jump in U.S. inventories of distillates and gasoline.

By early afternoon in Europe, benchmark crude for February delivery was down 91 cents to $79.88 a barrel in electronic trading on the New York Mercantile Exchange. On Tuesday, the contract fell $1.73 to settle at $80.79.

Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.

You will need your subscription account number and phone number. Not sure if you have an account? Email us at subscriberservices@forumcomm.com and we can help you.

Advertisement
Advertisement
Advertisement
randomness