(Updates oil prices.) NEW YORK (Dow Jones)--Crude futures dropped below $72 a barrel early Friday, erasing three days of gains, as the dollar rebounded and eurozone industrial production plummeted to a record low, damping hopes of an economic recovery that would boost oil demand.
Light, sweet crude oil for July delivery recently traded $1.04, or 1.43%, lower at $71.64 a barrel on the New York Mercantile Exchange, sliding to an intradday low of $70.80. Crude settled at $72.68 on Thursday, the highest level since Oct. 20. Brent crude on the ICE ... Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up.
Full Story: OIL FUTURES:Oil Drops Below $72 As Dollar Rebounds - Wall Street Journal
Light, sweet crude oil for July delivery recently traded $1.04, or 1.43%, lower at $71.64 a barrel on the New York Mercantile Exchange, sliding to an intradday low of $70.80. Crude settled at $72.68 on Thursday, the highest level since Oct. 20. Brent crude on the ICE ... Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up.
Full Story: OIL FUTURES:Oil Drops Below $72 As Dollar Rebounds - Wall Street Journal
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