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