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Latest News

Brent crude ends lower on Spanish credit woes

Brent-crude-ends-lower-on-Spanish-credit-woes

Brent July crude fell 43 cents, or 0.40 percent, to settle at $106.68 a barrel, having traded from $106.06 to $107.95.

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May 30, 2012 1:21 by



Brent crude futures fell on Tuesday after a downgrade of Spain’s credit rating sent the euro reeling versus the dollar and countered lift for oil from optimism that Greece would remain in the euro zone and that China would move to stimulate growth.

Brent July crude fell 43 cents, or 0.40 percent, to settle at $106.68 a barrel, having traded from $106.06 to $107.95.

(Reporting by Robert Gibbons; Editing by Dale Hudson)



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