کد خبر: ۱۴۶۰۰۵
تاریخ انتشار: ۱۳:۲۸ - ۰۳ خرداد ۱۳۹۰
Crude oil prices have fallen about two percent over concerns about the deepening euro zone debt crisis and the slowdown in China's economic growth.



Crude futures closed lower on Monday as worries over Europe's debt crisis and the decline in Chinese oil demand made investors look for safer havens, Reuters reported.

Light, sweet crude for July delivery dropped $2.40 or 2.4% to settle at $97.70 a barrel on the New York Mercantile Exchange, again pushing below the 100-day average of $110.45.

Oil futures have been between $95 and $105 a barrel since May 5.

Brent crude on the ICE futures exchange also ended $2.46 lower at $109.93 per barrel.

"The euro zone appears to have triggered this morning's sell-off," Jim Ritterbusch, president of Ritterbusch and Associates in Galena, Illinois, said.

“Oil is being dragged down by the stronger dollar and fears about the Greek debt crisis and what that may mean for demand,” said Carl Larry, director of energy derivatives and research at Blue Ocean Brokerage LLC in New York.

“If the demand outlook looks weak, prices will be weak as well,” he added.

Meanwhile, the weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) fell to $107.42, the Vienna-based organization announced on Monday.

The euro also weakened 0.8 percent against the dollar to $1.40.
 

 

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