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Oil falls toward $95 on US, Europe growth fears

Oil falls toward $95 on US, Europe growth fears
Associated Press
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Updated 1:31 am, Monday, February 18, 2013

BANGKOK (AP) — The price of oil fell to near $95 a barrel Monday after U.S. industrial production weakened and Europe remained mired in recession. Benchmark crude for March delivery was down 28 cents to $95.58 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The Federal Reserve said Friday that U.S. factory production slowed in January, mostly because of a big drop in output at auto factories. Reported by SeattlePI.com 18 hours ago.

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