By Christian Schmollinger
Aug. 15 (Bloomberg) -- Crude oil fell for a second day on signs the decline in U.S. fuel demand will spread to Europe and Asia.
Crude oil for September delivery dropped as much as $1.23, or 1.1 percent, to $113.78 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It was at $113.95 at 8:53 a.m. Singapore time. Yesterday, futures fell 99 cents, or 0.9 percent, to settle at $115.01 a barrel.
Prices have tumbled 23 percent from a record $147.27 reached on July 11.
To contact the reporter on this story: Christian Schmollinger in Singapore at christian.s@bloomberg.net.
Friday, August 15, 2008
Oil Falls on Signs Decline in Fuel Demand Will Spread Globally
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