| Kippreport.com

U.S. crude ends lower as Spain rating cut pressures

May 30, 2012 1:19 by Reuters

U.S. crude edged lower on Tuesday, retreating after a downgrade of Spain’s credit rating sent the euro reeling against the dollar, while hopes that Greece will remain in the euro zone and China will move to stimulate growth limited oil’s losses.

U.S. July crude fell 10 cents, or 0.11 percent, to settle at $90.76 a barrel, having traded from $90.25 to $92.21.

(Reporting by Robert Gibbons; Editing by Dale Hudson)

Tags: credit rating, crude futures, Energy, euro zone, USA