Oil ends below $88, lowest close since October
Posted: Wed May 30, 2012 5:11 pmOil ends below $88, lowest close since October
from MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- Oil futures extended their losses into a second-straight session Wednesday to close at their lowest level since October, pressured by the dollar's gains as euro-zone woes weighed on oil demand prospects. July crude settled at $87.82 a barrel on the New York Mercantile Exchange, down $2.94, or 3.2%.
from MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- Oil futures extended their losses into a second-straight session Wednesday to close at their lowest level since October, pressured by the dollar's gains as euro-zone woes weighed on oil demand prospects. July crude settled at $87.82 a barrel on the New York Mercantile Exchange, down $2.94, or 3.2%.