Brent crude in London also fell, dropping $1.92 to $124.52.
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Oil Prices Dropped to 7 Week Low
Oil prices have tumbled amid concerns that the slowing US economy will weaken demand
Oil prices have tumbled amid concerns that the slowing US economy will weaken demand.
US sweet, light crude fell $2.23 to settle at $123.26 a barrel - more than $20 off their peak earlier in July, when prices reached a record $147.27.
Brent crude in London also fell, dropping $1.92 to $124.52.
Brent crude in London also fell, dropping $1.92 to $124.52.
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