Tuesday, June 16, 2009

Oil Down Again

Benchmark crude oil futures for July delivery close at $70.47 a barrel on Tuesday on the New York Mercantile Exchange down 15 cents on the session. It was the third straight day of declines for the commodity, however it's the first time since October oil futures have closed above $70 a barrel for an entire week. A weakening dollar helped to send gold and precious metals higher as well.


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