Crude Falls on Deal to Open Libyan Ports, Stock Market Losses

摘要

US oil futures dipped below $100 at one point on Monday after stock markets tumbled, with Brent crude prices falling even further on the prospect of additional supplies from Libya. Wall Street's S&P 500 stock market index suffered its biggest three-day drop in two months, pushed down by shares of companies in fast-growing industries--known as momentum shares--and by disappointment with US jobs data issued on Friday. US and Brent crude also took a hit on Monday from an agreement by Libyan rebels occupying four eastern oil ports to end an eight-month blockade. The Zueitina oil port said it was ready to load crude as early as Monday.