LONDON, Nov 10: Oil prices fell on Monday on profit-taking after earlier jumping by more than $3 as a huge Chinese economic stimulus package lifted energy demand expectations, analysts said.
On the New York Mercantile Exchange (NYMEX), light sweet crude for delivery in December slid 33 cents to $60.71 per barrel. The contract earlier bounced as high as $65.56. Brent North Sea crude for December fell 13 cents to $57.22 on London’s InterContinental Exchange, after touching a peak of $61.98.—AFP
