US crude falls $2.05/bbl on weak stock market

19 October 2012 20:41  [Source: ICIS news]

HOUSTON (ICIS)--NYMEX light sweet crude for November delivery settled at $90.05/bbl on Friday, down $2.05/bbl versus the previous close, following losses on Wall Street as investors took a negative view of US corporate earnings and shrugged off improvements in the eurozone debt crisis.

West Texas Intermediate (WTI) began the day trading slightly higher than the previous day’s close before turning lower.

December ICE Brent fell to $110.14/bbl, down $2.28.


By: Michelle Klump
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