FX & CFD trading involves significant risk
Oil fell as
equities dropped on political turmoil in Europe and as the prospect of renewed
talks between Western countries and
Futures slipped as much as 1.7 percent and the euro weakened after Spanish Premier Mariano Rajoy faced opposition calls to resign amid contested reports about illegal payments.
defuse tension over
Crude oil for March delivery dropped to $96.07 a barrel on the New York Mercantile Exchange. Futures are up 5.2 percent this year.
Brent oil for March settlement fell 61 cents, or 0.5 percent, to $116.15 a barrel on the London-based ICE Futures Europe exchange. The contract settled at $116.76 on Feb. 1, the highest level since Sept. 13. The volume of all contracts traded was 16 percent above the 100-day average.
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