Crude prices fall on concerns of U.S. economic growth
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Xanthus [2011-05-20]
NEW YORK, Dec. 31 (Xinhua) -- Crude prices fell slightly Monday on concerns about U.S. economic growth.
The U.S. National Association of Realtors reported Monday that sales of existing homes in the United States edged up 0.4 percent in November to a pace of 5 million. The sales were in line with the 4.99 million annual pace expected by economists.
The weak home-sales data stirred investors' concern about U.S. economic growth.
Light, sweet crude for February delivery fell 13 cents to 95.87 U.S. dollars a barrel on the New York Mercantile Exchange.
In London, February Brent crude rose 36 cents to 94.24 dollars a barrel on the ICE Futures Exchange.