Oil falls over $1 on demand worries

Thu Nov 20, 9:17 PM
SINGAPORE (Reuters) - U.S. crude oil dropped more than $1 a barrel on Friday, falling for sixth straight sessions as more distress for the global economy threatened to eat further into demand for fuels.
Enlarge Photo
(Reuters)

SINGAPORE (Reuters) - U.S. crude oil dropped more than $1 a barrel on Friday, falling for sixth straight sessions as more distress for the global economy threatened to eat further into demand for fuels.

At 0209 GMT (9:09 p.m. EST p.m. EST), U.S. light sweet crude for January delivery traded $1.02 lower at $48.40 a barrel.

(Reporting by Annika Breidthardt)