SINGAPORE (AP) - Oil fell to near $87 a barrel Thursday in Asia as investors waited for word on whether European central bankers will take measures to boost flagging economic growth.
Benchmark oil for August delivery was down 64 cents at $87.02 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. Crude rose $3.91 to close at $87.66 on Tuesday, the last day the August contract settled in New York.
In London, Brent crude for August delivery was down 2 cents at $99.79 per barrel on the ICE Futures exchange.
First Coast News