On Friday (12 November 2010), the crude oil declined from a two-year high in New York on speculation China will raise interest rates, damping growth in the world's biggest energy consumer.
Crude oil for December delivery declined as much as $2.30 (2.6%) to $85.51 per barrel in the New York Mercantile Exchange. Brent crude oil for December settlement declined as much as $2.16 (2.4%) to $86.65 per barrel on the ICE Futures Europe Exchange.
