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Oil prices fall to near $72 a barrel

5 years ago June 02, 2010 Jun 2, 2010 Wednesday, June 02 2010 Wednesday, June 02, 2010 6:16:33 AM CDT in News
Source: Associated Press
By: John Pastorek

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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