Oil Rises to 5-Month High - 2011/11/17 19:54Hi guys! Oil fell from a 5-month high in New York as Spain's borrowing costs surged, heightening concern that Europe's debt crisis is spreading and will hurt demand.
Crude for December delivery fell as much as $1.13 to $101.46 a barrel in electronic trading on the New York Mercantile Exchange and was at $101.50 at 11:56 AM London time. Earlier it reached $103.37, the highest price since May 31. Prices have gained 11% this year, after increasing 15% in 2010.
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