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- Oil fell
Oil fell
West Texas
Intermediate crude fell to almost a three-week low on speculation that a cash
crunch may restrain economic growth in
WTI futures
dropped as much 1.1 percent in
WTI crude
for August delivery declined 50 cents, or 0.5 percent, to $93.19 a barrel at
9:18 a.m. on the New York Mercantile Exchange. Futures fell as much as $1.02 to
$92.67 a barrel, the lowest level since June 4. The volume of all futures
traded was 8 percent below the 100-day average.
Brent oil
for August settlement declined 80 cents, or 0.8 percent, to $100.11 a barrel on
the London-based ICE Futures Europe exchange. Volume for all contracts was 5
percent lower than the 100-day average.
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