Oil prices fell nearly 2 percent as Europe may delay Iran oil embargo up to 6 months

12 January 2012 @ 04:34 pm EDT

Oil prices fell nearly 2 percent as the investors lost their appetite forOil after the EU officials announced that they might delay Iran oil embargo up to 6 months.

Crude oil opened today's session at $101.21 and recorded a high of $103.00 and a low of $98.46, where it is currently trading around $98.97.

For more forex information, go to www.ecpulse.com

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