#1 Oil Slips More Than $9 a Barrel in 2-Days , lowest level in nearly two weeks!
07-08-2008, 06:15 PM
- Join Date
- Aug 2005
Oil Slips More Than $9 a Barrel in 2-Days ,It was the lowest level in nearly two weeks!
NEW YORK (CNNMoney.com) -- Oil prices extended a post-July 4th descent Tuesday - falling more than $9 a barrel over two days - as Iran's president downplayed concerns about possible war in the Middle East and investors anticipated falling demand due to high gasoline prices. The price of light sweet crude for August delivery tumbled $5.33 to settle at $136.04 a barrel on the New York Mercantile Exchange. It was the lowest level in nearly two weeks, and followed a drop of $3.92 Monday. Iran:Concerns over supply disruptions in the oil-rich Middle East eased after Iranian president Mahmoud Ahmadinejad said...
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