Crude oil re-approaches 3-month low with Sandy in focus

MTECHTIPS

Crude oil re-approaches 3-month low with Sandy in focus

Crude oil futures were under pressure during European morning hours on Monday, re-approaching last week’s three-month low as traders monitored the trajectory of Hurricane Sandy.
On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD85.54 a barrel during European morning trade, dropping 0.85%.

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