BLBG: Crude Oil Falls After U.S. Retail Sales Fall More Than Expected
Crude oil fell after U.S. retail sales fell twice as much as forecast in December, signaling the recession is worsening in the largest energy consumer.
Oil for February delivery fell as much as 61 cents, or 1.6 percent, to $37.17 a barrel on the New York Mercantile Exchange. It traded at $37.32 at 1:51 p.m. London time.
