Rising Output, Faltering Economy Hit Oil Prices
Posted on June 08, 2012 at 17:37 PM EDT
As more concerns about the health of the global economy seeped back into the market on Friday, oil futures retreated and were found flirting with eight-month lows once again. NYMEX-traded crude for July delivery gave up 72 cents, or 0.9%, to settle at 84.10 per barrel. In London, Brent crude lost 46 cents, or 0.5%, t. Read More --