Oil Dropped 82 Cents After Spain’s Economy Declined in Q1

Bloomberg reported that oil dropped 82 cents after Spain’s economy declined in the first quarter.

As quoted in the market news:

Crude oil for June delivery declined 82 cents, or 0.8 percent, to $104.11 a barrel at 11:35 a.m. on the New York Mercantile Exchange. Prices are up 1.1 percent this month and 5.3 percent this year.

Click here to read the full Bloomberg report.