BLBG:Oil Erases Gain in New York as Finance Heads Discuss Economic Growth Risk
Oil erased earlier gains to trade little changed in New York. Crude for November delivery was at $80.61 a barrel, up 10 cents, in electronic trading on the New York Mercantile Exchange at 1:11 p.m. Singapore time. The contract had climbed as much as 1.6 percent, after dropping 6.3 percent yesterday.
Brent oil for November settlement gained 51 cents, or 0.5 percent, to $106 a barrel on the London-based ICE Futures Europe exchange.
Finance chiefs from the Group of 20 meeting in Washington said they would address “heightened downside risks” from sovereign debt and slowing global economic growth.
To contact the editor responsible for this story: Paul Gordon at pgordon6@bloomberg.net
