Crude oil futures sink on the EU woes

Note: This section contains information in English only.
Source: Forexpros

Crude oil futures declined during the Asian trading hours on the growing concerns over the spreading crisis in the Euro Zone. The crude oil prices were supported by the tensions between Western economies and Iran over the Iranian nuclear programme. However, on the New York Mercantile Exchange, light, sweet crude futures for February delivery traded at USD93.44 a barrel during the morning, losing 0.34%.

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