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Oil falls toward $95 on US, Europe growth fears

The international crude oil prices fell to near $95 a barrel, after the United States on Monday industrial production is abate, Europe still Mired in recession.
March delivery benchmark crude oil futures prices 25 cents to $95.61 a barrel in Bangkok at noon time on the New York mercantile exchange electronic trading. Last Friday the contract fell $1.45, to close at $95.86 a barrel on the New York mercantile exchange.
, used to foreign oil price many varieties, brent crude oil rose 14 cents to $117.80 a barrel in London.
The federal reserve said Friday, the factory production in January, mainly because of a slow down in the car factory output slowed dramatically. Most analysts believe that economic put slow is temporary, but it is enough to cause concern remains weak economic recovery.
Traders also worry that use the euro 17 countries in the whole economic recession deepened. From the previous three months, their joint economic output in the last three months of 2012 fell 0.6%. Drop down more than 0.4%, expected the most since 2009 by more.
In the New York mercantile exchange other energy futures trading:
- heating oil down 0.4 cents, to $3.207 a gallon.
- wholesale gasoline rose 0.7 cents to $3.324 a gallon.
- gas down 1.5 cents at $3.148 per 1000 cubic feet.



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