Oil trade down by $1.22, $72.90 in London, in New York at $74.13 (-1.15)

As of February 12th, the IPE Brent Crude February futures contract dropped to $72.90 (-1.22) a barrel on the London-based ICE Futures Europe exchange. Light Sweet Crude fell $1.15, to $74.13 on the New York Mercantile Exchange.