May 30, 2012 / 6:48 PM / 5 years ago

U.S. crude ends lower on euro zone, China concerns

NEW YORK, May 30 (Reuters) - U.S. crude futures fell more than 3 percent Wednesday on the threat to petroleum demand from a spreading euro zone debt crisis and China’s signal that it is not planning a large economic stimulus.

U.S. July crude fell $2.94, or 3.24 percent, to settle at $87.82 a barrel, the lowest settlement since the Oct. 21 close of $87.40. July traded from $87.49, which marked its lowest intraday price since Oct. 24, to $90.92. (Reporting by Robert Gibbons)

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