Oil prices fall to near $72 a barrel

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Posted: Jun 2, 2010 7:16 AM by John Pastorek
Updated: Jun 2, 2010 7:18 AM
Source: Associated Press

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Topics: oil, oil prices, benchmark crude, investors, Asia, Singapore, electronic trading, New York Mercantile Exchange

Oil prices fell to near $72 a barrel Wednesday in Asia as flagging investor optimism about the global economy drags down stocks and commodities.

Benchmark crude for July delivery was down 52 cents at $72.06 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange.

The price fell $1.39 to settle at $72.58 on Tuesday.

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