Oil Futures Slide in New York, Trimming Third Weekly Gain
By Jacob Adelman -
2012-08-17T00:32:23Z
Oil for September delivery slid as much as 0.4 percent in New York, trimming a third weekly gain.
Futures were 29 cents lower, or 0.3 percent, at $95.31 a barrel in electronic trading on the New York Mercantile Exchange at 8:30 a.m. in Singapore. They rose 1.4 percent yesterday to the highest in three months.
To contact the reporter on this story: Jacob Adelman in Tokyo at jadelman1@bloomberg.net
To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net
More News:
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.