Crude Oil dropped to a three-week low

Market news

13 January 2012

Crude Oil dropped to a three-week low

Oil fell after two European Union officials said an embargo on Iranian crude imports may be postponed for six months.

Crude oil for February delivery fell 0.44% to $98.66 per barrel on the New York Mercantile Exchange. Session low reached at $97.70 per barrel.

European stocks close: FTSE 5,637 -25.78 -0.46%, CAC 3,196 -3.49 -0.11%, DAX 6,143 -36.13 -0.58%.

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