Oil prices dip slightly to settle near $78 a barrel
By APMonday, June 28, 2010
Oil prices dip to settle near $78 a barrel
Crude oil prices dipped slightly Monday after it appeared Tropical Storm Alex would strengthen but remain out of the Gulf region where most oil rigs and refineries are located.
On the New York Mercantile Exchange:
Benchmark crude for July delivery fell 61 cents to settle at $78.25 a barrel.
Heating oil fell 1.89 cents to $2.0933 a gallon.
Gasoline dropped 3.02 cents to $2.1376 a gallon.
Natural gas was down 14.4 cents at $4.717 per 1,000 cubic feet.
On the ICE futures exchange:
Brent crude fell 53 cents to $77.59 a barrel on the ICE futures exchange.
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