Swine Flu Impacts Oil

Tuesday, October 13, 2009

Crude Oil Futures traded lower Tuesday amid concerns that the swine flu outbreak would curb oil demand.

Light, sweet crude for June delivery traded $1.25, or 2.5%, lower at $48.89 a barrel the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded $1.14 lower at $49.18 a barrel.

Commodities and equities are falling worldwide as investors prepare for the possibility that the swine flu outbreak will become serious enough to disrupt global economic activity.

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