Oil futures fall on stronger dollar

| May 31, 2005 | 0 Comments
Oil futures fall on stronger dollar

Crude oil futures fell on Tuesday, feeling the effect of a strong US dollar.

July delivery IPE Brent had fallen 24 cents in late afternoon trading to $50.46 per barrel.

In early afternoon trading on the New York Mercantile Exchange, West Texas Intermediate for July delivery also was down, falling 35 cents to $51.55 per barrel. Gasoline futures were also down as Nymex unleaded gasoline for June delivery fell 1.63 cents to $1.4590 per gallon.

Comments (0)

Trackback URL | Comments RSS Feed

There are no comments yet. Why not be the first to speak your mind.

Leave a Reply

Visited 3269 times, 1 so far today