Bloomberg News

Oil Futures Slide in New York, Trimming Third Weekly Gain

August 16, 2012

Oil for September delivery slid as much as 0.4 percent in New York, trimming a third weekly gain.

Futures were 29 cents lower, or 0.3 percent, at $95.31 a barrel in electronic trading on the New York Mercantile Exchange at 8:30 a.m. in Singapore. They rose 1.4 percent yesterday to the highest in three months.

To contact the reporter on this story: Jacob Adelman in Tokyo at jadelman1@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net


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