In London, four explosions struck three London underground stations and a bus. Analysts said the incidents in London could weigh on consumer confidence and hurt the economy in Europe. A slowdown of economic growth would cut demand for crude oil in the region.
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Crude Price Fell On London Bombings
Crude oil price dropped Thursday as the London bombings raised concerns
Crude oil price dropped Thursday as the London bombings raised concerns about a possible economic slowdown in Europe.
Light, sweet crude oil futures for September delivery fell 89 cents to $ 57.13 a barrel on the New York Mercantile Exchange.
Meanwhile, the September Brent futures eased 93 cents to $ 55.72 dollars per barrel on the IPE.
In London, four explosions struck three London underground stations and a bus. Analysts said the incidents in London could weigh on consumer confidence and hurt the economy in Europe. A slowdown of economic growth would cut demand for crude oil in the region.
In London, four explosions struck three London underground stations and a bus. Analysts said the incidents in London could weigh on consumer confidence and hurt the economy in Europe. A slowdown of economic growth would cut demand for crude oil in the region.
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