Oil Drops Most in Eight Weeks
- Share via
Oil declined the most in eight weeks after dropping $2.67 a barrel in six minutes during the last 30 minutes of floor trading.
Crude for October delivery fell $2.38, or 2.4%, to settle at $96.62 a barrel on the New York Mercantile Exchange. The price fell to $94.65 at 2:09 p.m. from $97.32 at 2:03 p.m. on a surge in volume. The daily decline was the largest since July 23.
Brent for November settlement fell $3.66, or 3.1%, to $113 a barrel on the London-based ICE Futures Europe exchange.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
