Oil hovers beneath $96 on US, Europe growth fears
Associated Press
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 5:33 am, Monday, February 18, 2013
The price of oil hovered below $96 a barrel Monday, weighed by data released late last week which showed that U.S. industrial production weakened and Europe remained mired in recession. Trading volume was lower than usual as floor trading, like U.S. financial markets, was closed for the Presidents Day holiday. Investor sentiment has been subdued since 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 14 hours ago.
Associated Press
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Updated 5:33 am, Monday, February 18, 2013
The price of oil hovered below $96 a barrel Monday, weighed by data released late last week which showed that U.S. industrial production weakened and Europe remained mired in recession. Trading volume was lower than usual as floor trading, like U.S. financial markets, was closed for the Presidents Day holiday. Investor sentiment has been subdued since 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 14 hours ago.