EU EURO COUNTRIES: Oil prices slip on concerns over US budget row

Tuesday, October 1, 2013

Oil prices slip on concerns over US budget row

Oil prices slip on concerns over US budget row

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RAYLOKEOctober 1, 2013 at 1:00 AM
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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