Oil Falls a Fourth Day on Europe Debt Concern, Kim Jong Il Death
This article is for subscribers only.
Oil dropped for a fourth day in New York as the death of North Korean leader Kim Jong Il prompted investors to sell equities and commodities, while Europe was scheduled to discuss its latest step to control the debt crisis.
Futures fell as much as 0.9 percent as the official Korean Central News Agency said Kim had died at the age of 70. European Union finance ministers will hold a conference call today addressing a self-imposed deadline for drawing additional aid and creating new budget rules. Europe’s crude demand may drop