Crude Oil Futures Decline On Norway Strike Halt, Weak China Data

By International Business Times,  July 10, 2012, 02:31:48 AM EDT

Crude oil futures declined Tuesday as the offshore oil and gas workers strike in Norway ended overnight after the government's intervention.

Light sweet crude for August delivery declined 96 cents to $85.03 a barrel in electronic trading on the New York Mercantile Exchange during Asian trading hours. Brent crude oil futures for August delivery plunged $1.71, or 1.70 percent, to $98.61 a barrel on the ICE futures exchange in London.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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