News Column

Oil Slips on Worries Over Upcoming US Budget Talks

Jan. 4, 2013
oil drums

Crude prices slipped on Thursday as investors started to worry about the upcoming budget talks in the divided U.S. Congress.

Light, sweet crude for February delivery lost 20 cents, or 0.21 percent to settle at 92.92 dollars a barrel on the New York Mercantile Exchange. Brent crude for February delivery also dropped slightly and last traded around 112 dollars a barrel.

(c) 2013 Xinhua News Agency - CEIS. Provided by ProQuest LLC. All rights Reserved.

Source: Copyright Xinhua News Agency - CEIS 2013

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