Oil Slips but Remains Near $98 a Barrel

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Oil fell from a three-and-a-half month high to below $98 a barrel early Monday on concerns over Italy’s debt and easing demand in China, Bloomberg reported.

Crude futures fell to as low as $97.88 a barrel after closing Friday at $98.99 a barrel, the highest New York Mercantile Exchange closing price since late July.

Oil had earlier risen to more than $99 a barrel in electronic prket Nymex trading, Bloomberg said.

last week for the first time in a month.



The Department of Energy will release its weekly survey of filling stations Monday afternoon in Washington.

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