Tuesday, May 8, 2012

Oil prices

Anchorage Daily Planet
Opinion

Here’s something that should make Alaskans more than a little antsy: The Associated Press reports European election results and a slowdown in U.S. hiring have combined to put oil prices into a downward spin, slipping below $98 a barrel.

The AP reports this morning: “By early afternoon in Europe, benchmark oil for June delivery was down 75 cents to $97.74 a barrel in electronic trading on the New York Mercantile Exchange. Earlier in the session, the contract fell to a low of $95.34 before bouncing back. On Friday, it plunged $4.05 to settle at $98.49.”

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