NEW YORK (AFP) – Oil prices slid Tuesday after a series of sluggish European and Chinese economic indicators sparked concerns about energy demand.
New York's main contract, light sweet crude for delivery in July, closed at 72.58 dollars a barrel, down 1.39 dollars from Friday. The US markets were closed Monday in observance of a federal holiday.
In London, Brent North Sea crude for July dropped 1.94 dollars to settle at 72.71 dollars.
By TALI ARBEL, AP Business Writer Tali Arbel, Ap Business Writer – Fri Dec 11, 4:30 pm ET
NEW YORK – The dollar rose Friday to its highest level against the euro since early October as a report showed the holiday shopping season could be brighter than had been anticipated, raising speculation that the Federal Reserve could raise interest rates in the first half of 2010.
