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Oil ends below $88, lowest close since October

Daily newsbrief journal for May 2012, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


Oil ends below $88, lowest close since October

Postby admin » Wed May 30, 2012 5:11 pm

Oil ends below $88, lowest close since October
from MarketWatch.com - MarketPulse
SAN FRANCISCO (MarketWatch) -- Oil futures extended their losses into a second-straight session Wednesday to close at their lowest level since October, pressured by the dollar's gains as euro-zone woes weighed on oil demand prospects. July crude settled at $87.82 a barrel on the New York Mercantile Exchange, down $2.94, or 3.2%.
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