U.S. oil falls on weak data, European recession

NEW YORK, Nov. 15 (Xinhua) -- U.S. crude prices fell on Thursday as U.S. weekly jobless data rose unexpectedly and Europe fell back into recession.

Light, sweet crude for December delivery lost 87 cents, or 1.01 percent, to settle at 85.45 dollars a barrel on the New York Mercantile Exchange. But Brent crude for December delivery gained on rising Middle East tension and last traded above 110 dollars a barrel.

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