Oil Closes Below $79 a Barrel

MarketWatch Pulse

Nymex December crude oil futures fell $1.76, or 2.2%, to close at $78.78 a barrel, the lowest finish for a most-active futures contract since June 2012. Oil remained under pressure due to a strong dollar, growing oil supplies and concerns about global demand.

Copyright © 2014 MarketWatch, Inc.

Continue Reading Below