Commodities

Monday October 6, 08:02 PM
U.S. CRUDE FUTURES SETTLE AT $87.81/BBL, DOWN $6.07, 6.47 PERCENT

NEW YORK NEW YORK, Oct 6 (Reuters) - U.S. CRUDE FUTURES SETTLE AT $87.81/BBL, DOWN $6.07, 6.47 PERCENT U.S. crude oil futures fell more than $6 on Monday as U.S. and global equities were battered and the financial turmoil spreading to Europe fueled more concern about slowing global oil demand.

On the New York Mercantile Exchange at 2:31 p.m. EDT (1631 GMT), November (Frankfurt: A0S9N7 - news) crude was down $5.80, or 6.1 percent, at $88.08 a barrel, trading between $87.56 and $92.68. That intraday low was the lowest since $86.24 struck on Feb. 7.

(Reporting by Robert Gibbons) Keywords: ENERGY NYMEX/CRUDE

Chuck Mikolajczak

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