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Oil drops more than $2 on debt, growth worries

Oil drops more than $2 on debt, growth worries

Euro zone debt crisis stokes risk aversion; Chinese August oil demand growth lowest this year; Speculators cut net long crude positions on NYMEX, ICE; Tropical Storm Nate makes landfall in central eastern Mexico

September 12, 2011 2:45 by

…a tender, making it the largest volume to come to market since war erupted in February.

Libya has started producing oil again, the country’s interim prime minister said on Sunday, promising that more of it would come on line in the “near future”. (By Christopher Johnson; Additional reporting by Alejandro Barbajosa in Singapore; editing by Jason Neely)

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