« Backseat Driver: Bob Tasca III ranked No.5 in Top Alcohol Funny Cars | Main | Nissan Sees Future in Electric Cars »

Oil Prices Slip Toward $67 a Barrel

Oil prices fell as traders awaited the release of a U.S. government inventory report expected to show increases in supplies of crude, gasoline and distillates, the Associated Press reports.

Comments from OPEC that the group did not plan to increase production in the coming months despite consistently high prices limited the decline.

Light, sweet crude for August delivery on the New York Mercantile Exchange fell 59 cents to $67.18 a barrel in electronic trading by afternoon in Europe. The contract had fallen $1.41 on Tuesday.

Posted by   at 9:49 AM to Oil | Permalink

Comments

Post a comment

Please be civil. Vicious comments, personal attacks and profanity won't be published.

Name:

Email Address:

URL:
Remember Me? YesNo

Comments: (you may use HTML tags for style)