IPFS News Link • Economy - Economics USA
Oil Drops to Near $69 as Stock Markets, Euro Fall
• APOil prices fell to near $69 a barrel Tuesday in Asia as plunging regional stock markets and a weaker euro rattled the confidence of commodity investors.
Benchmark crude for July delivery was down $1.08 to $69.13 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract advanced 17 cents to settle at $70.21 on Monday.