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OIL FUTURES: Crude Falls With Euro As Investors Lock In Profit

LONDON -(Dow Jones) -- Crude futures were lower Monday, falling with the euro and equities as investors sought to lock in profits following steep gains Friday.

There is a general spout of long liquidation across commodities," said Glen Ward, head of retail derivatives at London Capital Group, adding that gold and silver were also weaker.

At 0917 GMT, the front-month March Brent contract on London's ICE futures exchange was 73 cents, or 0.6%, lower at $113.85 a barrel.

The front-month March contract on the New York Mercantile Exchange was trading down $1.18, or 1.2%, at $96.66 a barrel.

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Submitted Feb 06, 2012 By: johntxx

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ObieDog All-Star Author Maryland Posts:971 Points:525,120 Joined:Sep 2010	Message Posted: Feb 6, 2012 3:01:33 PM Ignore ObieDog Report Abuse More of these, please.
grandpadon28110 Champion Author Charlotte Posts:2,888 Points:781,135 Joined:Sep 2008	Message Posted: Feb 6, 2012 8:49:20 AM Ignore grandpadon28110 Report Abuse Drill drill drill.
dorisntx Champion Author Fort Worth Posts:1,252 Points:333,700 Joined:Apr 2011	Message Posted: Feb 6, 2012 8:24:22 AM Ignore dorisntx Report Abuse ok
bigmoo63 All-Star Author Kalamazoo Posts:881 Points:56,300 Joined:Nov 2009	Message Posted: Feb 6, 2012 8:23:57 AM Ignore bigmoo63 Report Abuse Gee another said prices will skyrocket. Even the analysts have conflicting viewpoints.
uglytom Champion Author Florida Posts:6,190 Points:1,289,790 Joined:Jul 2007	Message Posted: Feb 6, 2012 8:15:31 AM Ignore uglytom Report Abuse Good!
qwerty17 Champion Author New Jersey Posts:2,037 Points:770,300 Joined:Oct 2009	Message Posted: Feb 6, 2012 8:14:40 AM Ignore qwerty17 Report Abuse i like fall.
scu227 Champion Author New Haven Posts:2,199 Points:417,650 Joined:Feb 2011	Message Posted: Feb 6, 2012 8:08:48 AM Ignore scu227 Report Abuse Should keep on dropping. Supplies are up, demand is down and the Iran tensio is easing. Now the spec ulators will be looking for a new reason to keep prices up.
Evilmaddog Champion Author British Columbia Posts:1,444 Points:594,505 Joined:Aug 2010	Message Posted: Feb 6, 2012 8:01:15 AM Ignore Evilmaddog Report Abuse keep going down