Sunday, December 09, 2018
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Crude Drops Third Day This Week as U.S. Shutdown May Curb Demand

West Texas Intermediate fell for a third day this week on concern a protracted U.S. government shutdown will slow economic growth and reduce fuel demand.

WTI for November delivery fell 81 cents, or 0.8 percent, to $103.29 a barrel at 10:36 a.m. on the New York Mercantile Exchange. The volume of all futures traded was 4 percent above the 100-day average.

Brent for November settlement slid 12 cents to $109.07 a barrel on the London-based ICE Futures Europe exchange. Volume was 1 percent below the 100-day average. The European benchmark's premium over WTI widened to as much as $5.91, up from $5.09 yesterday.

To contact the reporters on this story: Moming Zhou in New York at This email address is being protected from spambots. You need JavaScript enabled to view it. ;

To contact the editor responsible for this story: Dan Stets at This email address is being protected from spambots. You need JavaScript enabled to view it.

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