U.S. budget impasse sends crude oil prices down

by Joseph Saraceno

OILNEW YORK, Dec. 24 (UPI) — Crude oil prices held steady in New York Monday, holding at less than $89 per barrel before the Christmas holiday break.

Traders are focused on the budget impasse in Washington, but no news on the issue on Christmas Eve turned out to be good news — or good enough — and prices held steady. MORE