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Tuesday, October 1, 2013

Oil prices slip on concerns over US budget row

Oil prices slip on concerns over US budget row

1 comment:

  1. New York's main contract, West Texas Intermediate for delivery in November, fell 38 cents to $101.95 in mid-morning trade, while Brent North Sea crude for November dipped 33 cents to $108.04.

    A mood of crisis enveloped Washington late Monday as a midnight deadline (0400 GMT) loomed with no sign of compromise between the Democratic-led Senate and Republican House of Representatives to head off the first US government shutdown in 17 years.

    More than 800,000 non-essential federal workers were to be placed on unpaid furloughs beginning midnight due to the impasse.

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