FX: Oil Falls From Two-Year High in New York as Stronger Dollar Trims Demand
By: Bloomberg.com on November 8 10 10:25 EST
Crude oil declined from its highest level in more than two years in New York as the dollar strengthened against the euro, trimming demand for commodities.
Oil for December delivery was down 66 cents at $86.19 a barrel in electronic trading on the New York Mercantile Exchange at 9:18 a.m. London time, while the dollar gained 0.9 percent to trade at $1.3906 against the euro.
To contact the editor responsible for this story: John Buckley
