78.2 F
Los Angeles
Saturday, May 10, 2025

Oil Drops to $73.90

Oil prices tumbled for the second straight day Tuesday, sliding back to the level they traded at before fighting between Israel and militants in Lebanon began. Traders said the selloff may have been triggered by profit-taking.


After climbing as high as $76.55 earlier in the day, light sweet crude for August delivery fell $1.40 to $73.90 a barrel in afternoon trading on the New York Mercantile Exchange, while gasoline futures fell by 1.53 cents to $2.27 a gallon






Read the full Associated Press story

.

Featured Articles

Related Articles

Los Angeles Business Journal Author