Economy
Oil falls in light year-end trade
Updated: 2010-12-30 11:11
(Agencies)
NEW YORK - Crude prices fell on Wednesday in light trade as investors took profit from earlier gains before year-end.
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But weak dollar and supply drop were still supportive to crude oil price.
The US dollar index, which tracks the dollar performance against a basket of currencies, dipped about 0.6 percent.
On Thursday, the Energy Information Administration will provide weekly information on petroleum inventories in the United States, which is forecasted to fall.
Light, sweet crude for February delivery declined 37 cents to $91.12 a barrel on the New York Mercantile.
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