Bank Of Baku

U.S. oil settles under 93 dollars on Greece concerns, inventories rise

U.S. oil settles under 93 dollars on Greece concerns, inventories rise
# 17 May 2012 00:35 (UTC +04:00)
Baku-APA. The U.S. crude price dipped further on Wednesday and settled under 93 dollars a barrel for the first time since Nov. 2, as concerns over Greece lingered and U.S. crude inventories rose to the highest level since 1990.

Light, sweet crude for June delivery slipped 1.17 dollars, or 1. 24 percent, to settle at 92.81 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for June delivery also declined and last traded around 111 dollars a barrel.
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