Waning risk appetite and travel turbulence hit crude

Posted on April 19, 2010. Filed under: Everything Else | Tags: |

A sharp correction in commodity markets sent oil down $2 a barrel on Monday morning, as risk appetite waned in the wake of the charges brought against Goldman Sachs and the continued disruption to flights across Europe sparked concerns of a dip in fuel demand.

Nymex West Texas Intermediate for May delivery – a contract which expires on Tuesday – fell as much as $2 to $81.25, while the more actively traded June contract dropped $2.05 to $83.93. Brent crude for June delivery slipped $1.92 to $84.07.

By Jack Farchy

Published: April 19 2010 11:37 | Last updated: April 19 2010 14:02

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