Crude oil prices on Tuesday tumbled to a five-months low of $105.46 a barrel as energy traders sold contracts following minor damage to refineries from hurricane Gustav and strengthening of the US dollar. From Friday’s close of $115.46 a barrel, Nymex October West Texas Intermediate fell $10. Although the New York Mercantile Exchange opened for electronic trading on Monday during a US public holiday, it did not... [read full story]
|
RELATED
|
|
|
Oil prices continued their decline Friday as flagging US demand and the stronger dollar made the crude lose 8 percent this week. Light sweet crude for October delivery is down USD 1.39 at USD 106.50. As oil prices have...
Edward Meir, Fuel & Petroleum Products, Natural Disasters, Investing & Markets, Finance, Banking & Insurance, Disasters, Accidents & Crises, Mining, Drug Cartels, Crime, Organised Crime, Energy Markets, Fuels Markets, Oil & Gas Exploration & Extraction, Crude Oil Markets, Commodity Markets, Utilities, Energy, Storms, Fuel Refineries, Mexican Drug Cartels, Iran
