Oil falls from near $120 on Saudi, Gaddafi rumour

Daniel Viglione

Oil falls from near $120 on Saudi, Gaddafi rumour | Reuters

uk.reuters.com

NEW YORK (Reuters) - Oil dropped sharply from 2-1/2 year highs near $120 a barrel on Thursday following Saudi Arabia's assures it could fill any Libyan supply shortfalls and unsubstantiated trade rumours