Bloomberg News

Oil Falls a Second Day in New York, Heads for Weekly Decline

November 17, 2011

Nov. 18 (Bloomberg) -- Oil fell for a second day in New York and headed for its first weekly decline in seven. Crude for December delivery slid as much as 81 cents, or 0.8 percent, to $98.01 a barrel in electronic trading on the New York Mercantile Exchange and was at $98.09 at 11:04 a.m. Sydney time. Prices slid 3.7 percent yesterday and are down 0.9 percent this week.

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