Bloomberg News

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

May 29, 2012

Crude for July delivery fell as much as 39 cents, or 0.4 percent, to $90.37 a barrel in electronic trading on the New York Mercantile Exchange and was at $90.42 at 11:30 a.m. Sydney time. The contract yesterday slid 10 cents to $90.76, the lowest close since May 24. Prices are down 14 percent this month, the biggest drop since May 2010.

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


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