Crude prices fell Thursday on
concerns about the looming "fiscal cliff" in the United States.
Light, sweet crude for January delivery lost 88 cents, or 1.01 percent, to settle at 85.89 dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery also slipped and last traded around 108 dollars a barrel.
Most Popular Stories
- Chinese May Have Spotted Malaysia Airlines Debris
- First-time Jobless Claims Drop Unexpectedly
- Obama, Ukraine Discuss Russian Incursion in Crimea
- U.S. Business Inventories Up, Retail Sales Down
- 'Candy Crush' Maker Files IPO
- Why Buffett Bets Big on Green Energy
- Jay Z, Kanye Delight Fans With Two-Hour Set at SXSW
- First-time U.S. Jobless Claims Hit 3-month Low
- General Electric Plans IPO of Credit Card Unit
- Accused Killer Texted Son Moments Before Shooting Man for Texting: Prosecutors