MW: Oil slips as markets digest ECB's Draghi comments
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Crude-oil futures slipped Monday, pulling back from a high of $94.42 a barrel as the market digested comments from the European Central Bank's Mario Draghi. Draghi said he had no doubts about the strength of the euro currency and cautioned that euro-zone nations that depart the euro-area bloc would face severe economic difficulties. Oil markets also eyed developments in Asia following news of North Korean leader Kim Jong-il's death for any sign of turmoil. Against that backdrop, oil for January delivery CL2F +0.04% shed 18 cents, or 0.2%, to trade at $93.35 a barrel on the New York Mercantile Exchange.
