WSJ:OIL FUTURES: Nymex Crude Prices Fall More Than 3%
By Jenny Gross
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--Nymex crude oil futures fell more than 3% in Thursday trading as investors questioned the effectiveness of the U.S. Federal Reserve's move to boost the economy, announced Wednesday.
"Probably we will stay relatively weak today, but you never know what comes with regard to Greece and so on," says Andy Sommer, an oil analyst at EGL.
At 0806 GMT, the November Brent contract on London's ICE futures exchange was down $2.79, or 2.5%, at $107.57 a barrel. The November contract on the New York Mercantile Exchange was trading down $2.65, or 3.1%, at $83.27 a barrel.
