Oil prices end year with losses | Bangkok Post: news

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Oil prices end year with losses

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Crude oil prices fell on Monday as traders' hopes of a last-minute compromise deal between US politicians to avert the "fiscal cliff" faded, analysts said. 

Offshore oil platform rigs in Port Fourchon, Louisiana, June 14, 2010. Crude oil prices have fallen as traders' hopes of a last-minute compromise deal between US politicians to avert the "fiscal cliff" fade, analysts say.

New York's main contract, light sweet crude for delivery in February, shed 28 cent to $90.52 a barrel.

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