• Most Popular
  • Most Shared

U.S. crude falls more than $1 on economic fears

HOUSTON
Wed Nov 12, 2008 6:35pm EST
Traffic at a New Jersey Turnpike toll booth in a file photo. REUTERS/File

HOUSTON (Reuters) - U.S. crude oil futures fell more than $1 after Wednesday's settlement on mounting pessimism about the global economic outlook.

Hot Stocks

November delivery crude was down as much at $1.09, hitting $55.07 a barrel on the New York Mercantile Exchange's Globex trading platform, after settling earlier Monday at $56.16 a barrel, down $3.17 from Tuesday's finish.

Traders have said crude futures may find support in a range between $50 and $55 a barrel.

(Reporting by Erwin Seba; Editing by David Gregorio; Editing by David Gregorio)
Hot Stocks


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets