| Oil tumbles on Saudi production promise |
| Last Updated(Beijing Time):2012-03-21 03:05 |
|
|
U.S. crude oil price tumbled on Tuesday as the largest OPEC oil exporter of Saudi Arabia promised more production to meet any possible supply shortfall.
Light, sweet crude for April delivery fell sharply by 2.48 dollars, or 2.29 percent to settle at 105.61 dollars a barrel on the New York Mercantile Exchange. In London, Brent crude for May delivery also fell and last traded around 124 dollars a barrel. |
|
|
|
|
