Oil falls as European debt outlook looms

Date:2011-10-18     Source:liupengjuliuhongli  Text Size:

NEW YORK, Oct. 17 (Xinhua) -- U.S. crude oil price fell on Monday as European debt outlook loomed on a German official's confidence-dampening comment.

Light, sweet crude for November delivery dropped 42 cents, or 0. 48 percent to settle at 86.38 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for December delivery also fell and last traded around 110 dollars a barrel.

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