Tue, 14 Feb 2012 08:33:04 GMT
Crude declines on European rating cuts
Crude dropped from the five week record high on speculation US oil supplies are increasing and fuel demand may fade as Europe struggles with downgraded credit ratings. Oil futures to be delivered in March fell USD 0.54 to USD 100.37 per barrel. March Brent oil gave up USD 0.73 to USD 117.20 per barrel.