Oil Fluctuates on European Crisis, Norway's Strike Threat - report

By Midnight Trader,  July 09, 2012, 09:56:21 AM EDT

Oil fluctuated after an advance in Spanish yields intensified concern about Europe's debt crisis and a labor strike threatened to halt production in Norway, Western Europe's biggest exporter, Bloomberg reported.

Crude for August delivery slipped 4 cents to US$84.41 a barrel at 9.19 a.m. on the New York Mercantile Exchange. Prices traded between US$84 and US$85.21 a barrel. Futures are down 15% this year.

Brent crude for August settlement gained 2 cents to US$98.21 a barrel on the London-based ICE Futures Europe exchange.




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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