U.S. oil plunges below 100 dollars first time since February

2012-05-04 19:42:05 GMT2012-05-05 03:42:05(Beijing Time) Xinhua English

NEW YORK, May 4 (Xinhua) -- U.S. crude oil price plunged on Friday and settled below 100 dollars a barrel for the first time since Feb. 13 on rising concerns over global economy.

Light, sweet crude for June delivery tumbled 4.05 dollars, or 3. 95 percent to settle at 98.49 dollars a barrel on the New York Mercantile Exchange, posting the biggest one-day drop this year. In London, Brent crude for June delivery also declined sharply and last traded around 112 dollars a barrel.

| PRINT | RSS

Add Your Comments:

Please read our Terms of Service. Messages that harass, abuse or threaten others; have obscene or otherwise objectionable content; have spam, commercial or advertising content or links may be removed.