Oil Prices Slip on Profit-Taking

0

Crude oil futures fell Tuesday, as investors took profits following last week’s rally, but fears lingered over supply after U.S. refinery breakdowns.


Light, sweet crude for September delivery slipped 19 cents to settle at $66.08 a barrel Tuesday on the New York Mercantile Exchange, after trading as high as $66.85 and as low as $65.50 earlier in the day. Gasoline was up more than 2 cents at $1.9836 a gallon, while heating oil was down half a cent at $1.8640. On London’s International Petroleum Exchange, September Brent crude futures settled down 17 cents at $65.41. The front-month contract expired at the close of trade Tuesday.


*

Read the full Associated Press story

.

No posts to display