Crude prices drop almost $4/bbl

Crude prices dropped almost 4 dollars a barrel on dollar's gains and signs economic growth is slowing across Europe, which may curtail energy demand. Crude has gained almost 50 percent this year. It is driven partly by tension over Iran’s nuclear programme and expectations that global supply will fail to keep pace with demand from fast growing Asian economies such as India and China. In after hours access trading, crude is at USD 142.05 per... [read full story]