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- Oil dropped
Oil dropped
Brent oil
fell as Cypriot lawmakers prepared to decide whether to proceed with a bank
levy amid concern that
The
European benchmark dropped as much as 1.1 percent, trimming the spread to WTI,
the grade traded in
Finance
chiefs from the 17 euro countries kept pressure on
Brent oil
for May settlement declined $1.17, or 1.1 percent, to $108.34 a barrel on the
London-based ICE Futures Europe exchange.
WTI for April delivery, which expires tomorrow, dropped to $93.11 a barrel on the New York Mercantile Exchange.
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