Wed, 14 Dec 2011 08:27:10 GMT
Crude oil futures decline after gains on the Iranian issue
Crude oil futures were rising rapidly on the growing threats
that Iran, one of the man oil exporters, might disrupt operations due to
western economies opposition to its nuclear program. However, on Wednesday
light, sweet crude oil started to decline. On the New York Mercantile Exchange,
crude futures for January delivery traded at USD99.88 a barrel at the Asian morning
trade, edging down 0.26% since