Bloomberg News

Oil Trades Near Six-Week Low in New York; Brent Crude Declines

September 25, 2011

Sept. 26 (Bloomberg) -- Oil traded little changed near a six-week low in New York, after the biggest weekly decline since May. Crude for November delivery was at $80.03 a barrel, up 18 cents, in electronic trading on the New York Mercantile Exchange at 8:06 a.m. Sydney time. The contract last week slid 9.2 percent to $79.85, the lowest settlement since Aug. 9.

Brent crude for November dropped 36 cents, or 0.4 percent, to $103.61 a barrel on the London-based ICE Futures Europe exchange.

To contact the editor responsible for this story: Paul Gordon at pgordon6@bloomberg.net


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