February 24, 2011 / 7:36 PM / 8 years ago

US crude rally fizzles on rumor Gaddafi shot-traders

 NEW YORK, Feb 24 (Reuters) - U.S. crude oil futures tumbled
on Thursday as a rally to 2-1/2-year highs fizzled, with
traders citing a rumor that Libyan leader Muammar Gaddafi had
been shot as the trigger for the late sell-off.
 There was no immediate indication of where the rumor had
originated or any news report to substantiate it.
 On the New York Mercantile Exchange, crude for April
delivery CLJ1 fell to a session low of $96.68 a barrel, down
$1.42 in electronic trading, just after the day's trade had
settled at $97.28, down 82 cents.
 (Reporting by Gene Ramos)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below