Crude Eases Near $99

Nasdaq

The price of crude oil moved down Tuesday morning as concerns over the euro zone debt situation overshadowed supply worries after EU's oil embargo of Iran. Light Sweet Crude Oil (WTI) futures for March delivery, were down $0.54 to $99.04 a barrel. Yesterday, oil snapped it three session losing streak to close near $100 on supply concerns after the European Union agreed to enforce an oil embargo of Iran. This morning, the U.S. dollar was little changed around its 3-week low versus the euro and sterling. The buck was moving lower versus the ...

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Jan 24, 2012

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